"Episode Summary

What if you could take just 100 hours a year and legally transform your tax bill — without quitting your job, getting a second degree, or going full-time into real estate?

Dr. Rachel sits down with Dr. Annie Purcell, a physician turned real estate agent, who did exactly that. After a pandemic-prompted wake-up call, she pivoted toward building income through short-term and mid-term rentals — while still balancing life as a mom and full-time doctor.

They talk candidly about burnout, identity shifts, and how one accidental rental opened the door to financial peace and long-term wealth.

💡 Key Takeaways:

- The “guilt trap” doctors face when considering a pivot

- Why your degree doesn’t define your destiny

- How Annie used one vacation home to start her portfolio

- What the STR loophole is and why it matters

- Managing a portfolio without real estate professional status

- Why real estate doesn’t always mean leaving medicine

- Northern California: a surprisingly cash-flow-positive market

- The power of outsourcing and hiring help (hello, personal assistant!)

- Why momentum beats perfection in launching your first rental

🕒 Topics Covered:

[00:01:00] When COVID changed everything

[00:03:30] Easing into real estate without quitting cold turkey

[00:07:00] From “I’m not a business person” to team builder

[00:09:00] The second home that became an accidental STR

[00:11:00] Understanding the short-term rental tax loophole

[00:13:00] That first big tax refund — and what it revealed

[00:14:30] From 1 to 3 STRs — then switching to LTRs for scale

[00:17:30] Why her California rentals outperform Texas

[00:22:00] Believing in your future success upfront

[00:24:30] The emotional burnout moment that sparked real change

[00:27:00] The biggest mistake investors make with market selection

[00:29:00] Real estate is not one-size-fits-all

📚 Resources Mentioned:

- CROWW Framework: Connection, Referrals, On-Trend Reports, Word of Mouth, Work Opportunities

- EOS Books: Traction, Rocket Fuel, Entrepreneurial Leap

- Tax Strategy 101: STR Loophole + Bonus Depreciation

- Rich Dad Poor Dad (honorable mention 😄)

🎯 Action Steps:

1. Get clear on your “why” before investing

2. Explore your own market — there may be hidden gems

3. Don’t delay your first launch — perfection can wait

4. Start tracking time to qualify for tax benefits

5. Talk to a tax pro who understands STR-specific strategies

🎁 FREE RESOURCES

- Download the ""75 Gems"" Training: shorttermgems.com/75gems

- Join Our Community: facebook.com/groups/422973842093365

- Follow Us on Instagram: instagram.com/short.term.gems

- Visit Our Website: shorttermgems.com

- Book a Strategy Call: shorttermgems.com/book

- Listen to the Podcast: shorttermgems.com/podcast

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