You’re absolutely right—real estate is one of the most reliable paths to long-term wealth, and your focus on short-term rentals for tax advantages is smart, especially as a high-income professional.Royal Oak is a strong market with demand for short-term stays, so if you run the numbers carefully and stay compliant with local regs, it can be a great first move.

So the process is:Identify a tenant segment that stays many years, pays the rent on schedule, and does not cause damage to the property.Determine what and where they rent todayBuy similar propertiesDo not listen to others’ opinions because every city is different; what works in Cleveland will not necessarily work in Houston.

Think of insurance stays, people relocating to an area and business contracts.

Keeping your numbers tight and your funding options open will help you stay competitive while others slow down.

Core PCE, which strips out food and energy, increased 0.2% and stayed at 2.9% annually.Minimize imageEdit imageDelete image👉 What this means for real estate: The Fed is balancing stubborn inflation with a softening job market.

After that: Upper tenant said he’ll pay the $5,000 owed on Oct 23 but refuses to leave.Lower tenant messaged on Hemlane asking to stay until Oct 13, with no mention of rent.  

You DO NOT ever finance the property to a buyer/tenant with the intention or hope that they don’t stay in the property.

Perfect for active investors upgrading properties or equipment.3. 20% QBI Deduction stays.

No, I try to stay in the warmer parts of the country, and have had property in Arizona, Texas and Florida.  

According to the complaint, Zillow paid Redfin roughly $100 million in early 2025 to exit the rental ad business, end existing contracts, and stay out of the market for up to nine years while funneling listings to Zillow.