@Nicholas AiolaWould there be any tax disadvantages to paying cash for a rental property vs having one with a mortgage?

I hope continuing to wait isn't putting me at any disadvantage at this point.

No, you cannot create phantom losses this way.Some additional issues that we have not addressed:- holding rentals inside an S-corp has many tax disadvantages- you will likely jeopardize your $250k/$500k capital gain exclusion for homesteads- you will lose asset protection afforded to personal residences by most states- you will lose your homestead exemption for local property tax - your insurance will have to change from owner-occupied to rental, i.e. go up- and there's moreConclusion: there're reasons why nobody is doing this clever "strategy" but A+ for trying.

Wondering is 1- Anyone else thinks of their portfolio in a similar way2- Anyone else see advantages (or disadvantages) of “dividing” your note portfolio into these two different arenas3- Anyone else distinguish between “passive” investing, “active” investing, the investing “business”. 

I was wondering whether there might be any tax advantages or disadvantages to my owning the property as both a resident and a landlord.

Are there any tax advantages or disadvantages to my being both a resident and a landlord?  

The one disadvantage I've heard about having yourself a Real Estate Agent license is that as an agent/investor, your first fiduciary responsibility is to your buyer.

There are definitely advantages to the liability issue when using an LLC, but there are some disadvantages as well. 

The BRRRR strategy, which stands for Buy, Rehab, Rent, Refinance, Repeat, focuses on long-term investment, while the Fix & Flip approach involves purchasing, renovating, and selling properties for a profit.Investing in Airbnb rentals presents a distinct set of challenges, requiring active management and a thorough understanding of local regulations, but it also has the potential for higher returns.Here is a concise overview of the advantages and disadvantages of each method:Fix & Flip:Pros.- Potential for quick profits - Enhances property value - - Adaptable to market trendsCons.- High risk - Time-intensive - Requires substantial capitalBRRRR:Pros.- Builds long-term wealth - Generates rental income - Increases equityCons.- Complex process - Requires financing - Dependent on market conditionsAirbnb:Pros.- Potential for higher returns - Flexible pricing - Short-term commitmentCons.- Requires active management - Subject to regulatory risks - Income can vary seasonallyI wish you the best in your new venture.

I definitely have some rose tinted glasses on and am drawn to the idea of 'lifestyle investing' hence why I am trying to get more realistic/experienced advice here.Kathryn and Jonathan, if I had to summarize your feedback;-If it seems so great, it will be competitive -If it is competitive, I am massively disadvantaged not being local/experienced in the market.