Many are also taking the fix and hold approach, adding long-term rentals that produce cash flow today while appreciating in value over time.No matter the strategy, the same principle applies: your returns are made at the buy.

One thing I didn't mention is I'm 67 and mostly living off my income producing assets, i.e., rental properties, RE secured promissory note, high-yeild savings, etc. 

Cap Rate (short for Capitalization Rate) is a quick way to measure how much income a property produces compared to its value.

It is only good against contract disputes.If you have a liability claim, someone is injured etc, an LLC will not be any help.Make sure you have rock solid insurance for STRs and plenty of it.An umbrella is an excellent idea as well.

Farming is not known for being an industry that produces much wealth.

Took a heavy wooden rocking chair down by the grill and left it there.

., rent it out, use it temporarily), you can begin depreciation on the structure.Later, when you demolish the buildings, you would write off the remaining undepreciated basis as a loss—but only if the property was used in a business or income-producing activity before demo.If you demo right away without placing it in service, you lose depreciation benefits and must capitalize the demolition costs into the basis of the new development.So, waiting until 2026 to demolish may allow you to claim depreciation in 2025 and potentially deduct the remaining basis upon demo.

Ideally looking for a 3-4 family in Stamford, Norwalk, Fairfield, Stratford, Bridgeport(Black Rock or near Sacred Heart) Also open to a side-by-side duplex.

We were able to produce our 2nd win in this very challenging market.

You rock!