I’m not a CPA, so definitely verify any of this with one — but here’s how I understand it from working with dozens of investors around this strategy A few things to think through before deciding if it’s worth pursuing: – Your income and tax bracket — that’s what determines if the benefit’s meaningful – STRs vs LTRs — STRs often qualify for material participation without full REP – Whether cost segregation and bonus depreciation can offset enough income to justify the effortWe’ve helped dozens of out-of-state investors go both routes, many from the Bay Area actually this year haha: some through STRs, others through value-add LTRs using cost seg.

Hi @Aakash Patel I help in investors like yourself each year buying and selling dozens of multi family properties.

Ideally 2-3x but that is a learned strategy. 

I don't change strategies every 6 months.

Flipping is a solid strategy, you just need to have a plan in place and work with someone that has experience if you do not have any...

I only have a dozen properties but I spend less than an hour a month and half of that is accounting because I like doing it.

Andy Snow Great strategy and tons of opportunities in the market.

What investment strategy is most common/best for someone with a remodeling/contracting background?

I'm looking to invest in my first rental property in Amarillo, TX soon.I wanted to ask what are the strategies or types of real estate investing that work best in Amarillo now or around that area? 

Your offer strategy is fine, but you don’t need the offer drafted beforehand.Walk the open house, confirm the major systems, then submit the offer the same day with a tight inspection contingency.Speed matters, but drafting an offer early doesn’t give you an edge in CA.