We do not drain our hot tub after every guest, but we do test and adjust the chemicals, vacuum it (sand) and skim the top if needed after every guest. 

Many listings are adjusting their asking price at least once while on the market.

I'm an investor and I'm looking for the best possible risk-adjusted returns so you and other readers might have the same objectives.I'm only interested in STRs for maximum profitability and because the other strategies generally aren't worth it.

Any additional tips or corrections would be greatly appreciated.Example:If the PM sends an owner statement showing:Gross Rent Collected: $3,000Property Management Fee: $300Miscellaneous Expenses: $200Net Rent (Amount Deposited): $2,500In QBO, I would:Record an income entry of $2,500 for net rent.Separately, record any additional expenses paid directly, such as:Mortgage: $1,200Insurance: $100Property Taxes: $150Summary:Property Accounting: Handled by the PM company and detailed in the monthly owner statements.Corporate Accounting: Recorded in QBO, focusing on net rent income (after PM deductions) and any additional expenses incurred.Please let me know if this approach is correct and if you have any suggestions or adjustments to ensure compliance and accuracy in my accounting processes.Thanks for your guidance!

I once paid for two different appraisals by two different certified appraisers and they came in $50,000 apart.

If you were bidding on a property that went to $101,000 and you only had $5,000 on deposit, you would not be able to bid the $101,000 - you would be "out" due to lack of funds.If you won the auction for $100,000 - the $95,000 balance is due the next day, in certified funds, at the court clerk's office.  

Naturally we push the limit to the point that the Housing Specialist might request a small adjustment to meet the calculations. 

But a free market will adjust it.  

Then, there is an adjustment for the tenant's income and finally an adjustment for the area Fair Market Rent.

Compare that estimate to the $5k withheld from default contractor. 7- Prepare a delivery of the documented unfinished work, written detail with photographs, a copy of the replacement contractor estimate, with a termination notice certified mail to the default contractor.