With a $300K budget and a goal of building a long-term rental portfolio, your key success factors will be smart leverage, the right market, and tax efficiency.

Even if you don’t need income for the next 3–5 years, thinking about taxes now can make each step of your plan more efficient and help your retirement goals come together more smoothly.This post does not create a CPA-client relationship.

@Marcus Pender You're in a strong position to turn your short-term rental (STR) into a profitable, tax-efficient investment.

Find a GC that is effect and efficient 

I work with a lending company that helps investors structure deals efficiently feel free to connect if you want to swap ideas or strategies

This will enable you to gain knowledge, experience and contacts in the most efficient and effective way possible. 

I’m most interested in BRRRR and buy-and-hold rentals, and I keep going back and forth between starting with a small multi-family (duplex/triplex/fourplex) or a single-family rental.Here’s where I’m stuck:SFRs seem easier to manage and may be less intimidating for a first deal, but the cash flow might be tighter.Small multis could bring stronger cash flow and efficiency, but I’ve heard they can be tougher to finance, and vacancies or tenant issues could hit harder if I don’t have a solid team yet.For those of you who’ve been down this road already:Which one did you start with, and why?

I also work with a lending company that helps investors structure financing efficiently.

This enables us to categorize and reconcile transactions efficiently, and then generate detailed reports for each property, giving you clear, organized financial insights.

Outline a clear exit strategy to meet your long-term goal of retaining the property for cash flow.Work with a CPA to ensure tax efficiency, particularly around depreciation, capital gains, and partnership income.