You eliminate the STR loophole which allows adjusted material participation qualifications

Don't hire family / friends.Hire a professional who is boots on the ground 24/7Insurance rates going up should be a good thing since its baked in for those selling the homes, especially if they are selling an investment property.You can tell them, I can't pay at this price because these are my income and expenses and I can't cash-flow given the numbers.Over-time, sellers will adjust.

I need to adjust my approach and mindset accordingly.

Yes you have some minor decorations, but it isn't really themed based on your competition.That is a themed bedroom.Or this.Make adjustments to your description so you don't get a repeat of of the 3 star.

Essentially, the cap rate is the proportion of Net Operating Income (NOI) to the property's value or selling price:Cap Rate = Net Operating Income (NOI)/Property ValueThis ratio offers a direct method to evaluate the yield a property generates in relation to its cost.For advanced real estate investors, integrating additional factors might prove beneficial:Vacancy rate: The duration the property remains vacant.Operating expenses percentage: Includes insurance, utilities, and maintenance costs (excludes mortgage payments, depreciation, or income taxes).The adjusted formula for net income, incorporating these considerations, is:Net Income=(100 − Operating Expenses %) ×(100 − Vacancy Rate %) × Gross Income

Depending on the county, the assessor will pick up your sale price and adjust your taxable value to 70-100% of sale price.Insurance: Have your insurance broker get you a soft quote based on your lender's insurance requirements.

The house has been on the market but traffic is slow - not sure if this is due to the current environment or something specific I should address within my listing (we've already adjusted the price). 

So let's try to break this down for you.In a nutshell, depreciation recapture happens when you sell an investment property for more than its adjusted basis (the original cost minus accumulated depreciation).

A fair amount to agree upon although I foresee a few major looming modifiers that I predict have a high degree of likelihood in happening that have strong influence in adjusting markets. - The correlation of erosion to buyers purchasing power in monthly mortgage payment (increased property tax's, property insurance, HOA fee's) is a factor I see counter acting a slowly declining interest rate, making for a ~net-0 market activity environment on YOY volume metric. - Leading into home stretch of POTUS election cycle, the above may be a strong catalyst to press the deployment of a stimulus offering in form of home buyer empowerment

Unless you are a child and moving into the property, it will get a property tax adjustment.