On top of that, many homeowners are sitting on super low interest rates, so unless they have to sell, they’re only going to consider top-dollar offers.It’s creating this weird standstill — not enough motivation to lower prices, but not enough affordability for buyers to jump either.

Think about what you're near and create a unique vibe that ties into the location.

I will hop onto that and start creating that team.

It creates un-needed complexity.If he acts as a property manager, pay him as a property manager.If you want to pay him well if he does a good job for you, pay him a bonus.It is hard to exit a partnership.

Any risks it creates?

With a lot of tenants, if you raise their rent, and then add in this RBP fee, it creates a hardship.

Create a strict Budget and raise money for a 20% as quickly as possible for a down payment on my first investment property6.

I want to build things and create jobs in the real estate realm.  

My wife an I have a will and trust created by an attorney that does a lot of estate planning work. 

—potentially creating tens of thousands in paper losses.Just keep in mind:The losses from your long-term rentals would still be passive unless you qualify as a full REPS.But the STR stands on its own—you can use it to offset W-2 income even if your LTRs are just sitting there building equity.This post does not create a CPA-Client relationship.