We had access to one and were about to sell but the irs told us we had to pay it all IRS has nothing to do with property taxesIn addition at death the taxable value is adjusted to the value at time of death. 

As cap rates continue to decompress, rates stay high, and prices adjust downward, cash flow will come back. 

A couple more:1) when I run the numbers for the STRs, it seems like the asking prices have not adjusted for the rise in interest rates. 

To properly renew a lease with a tenant, several tasks SHOULD be done:1) Evaluate the property to make sure tenant is taking care of it and you want them to stay.2) Do a market analysis of rental rates.3) Determine target rental increase amount4) We present all this to the tenant, as we assume they're looking at rental rates on Zillow, etc.5) We then ask the tenant what adjustment they think is fair and then negotiate rent amount and lease term (we always try to go for 2 years).6) New lease sent electronically to sign.All of this takes time, hence a Renewal Fee.

Home prices on the other hand adjust to the cost of labor and materials.

The most valuable thing they give you is their due diligence manual.

If one property consistently lags then I could adjust the percentages on that property. 5.

Do I need to adjust my price range?

Also, the check-in process if very manual, requiring someone to handover fobs to unlock the door. 

With current rates around 7%, shouldn't there be an opportunity to purchase properties that were bought with adjustable-Rate Mortgages (ARMs) at 3% in past 5-10 years that are hitting their reset period this year 2024 or in 2025?