The real levers are:Making sure every legit business cost is captured (interest, points, utilities during rehab, mileage, tools, insurance, education, % of home office, etc.).Looking at entity structure (often an S-corp once profits are consistent) andPlanning ahead for next year with things like a solo 401(k) when you know you’ll have flip income.Short version: tighten up your write-offs now, pay what you owe this year, and use this as the baseline to build a more tax-efficient setup before your next round of deals.

My choice to go into this stems from the fact I see this as the key to financial independence, and wealth.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

Receiving cash upfront from tenants with low credit is very tempting and may lead to a lower risk of financial loss.

Scope of improvements included:Full interior updates: new flooring, interior paint, lighting, granite countertops, and updated appliancesAddition of high-demand short-term rental amenities: game rooms, custom bunk beds, hot tubs, swimming pools, and putting greensProfessional interior design and full furnishing to optimize guest experience and nightly ratesThese improvements were executed with the objective of maximizing long-term performance, increasing appraised value, and creating differentiated offerings within the Hot Springs vacation rental market.Refinance & Financial PerformanceUpon completion of renovations, we partnered with a local commercial lender to refinance the portfolio.Combined appraised value (ARV): $2,601,000Approved loan amount: $2,200,000 (cash-out refinance)After retiring the hard money loan, the transaction resulted in a net cash return of $300,470.51, which represents $118,181.09 more than our original down payment—effectively removing all invested capital from the project.TimelineThe full cycle—from acquisition through renovation and refinance—was completed in 174 days.OutcomeThe result is a portfolio of three fully renovated, amenity-rich lakefront properties, each now positioned to perform as premium short-term rentals with strong long-term appreciation potential.

They’ll tell you exactly what they can offer based on the rent roll, financials, and your experience.

You'll eventually want to work with a CPA to make sure you're taking advantage of everything your real estate has to offer and see how it interplays with your current income streams, making sure that it aligns with your overall financial picture.

Depends on your market, but in general I would not trade market rent for vacancy unless I was in danger of losing the property or otherwise in financial distress and no vacancy was a necessity.

Sit down with your lawyer or financial advisor and explain your future and have them explain the above.  

I look forward to connecting with some new educated connections.