The benefit of purchasing in high cost location is the higher building value, thus greater depreciation potential.

This will change the roi and cost benefit equation quickly.

Maybe even failure to take full advantage of an opportunity, resulting in a loss of potential profit or benefit.

@John Paul, it's time to graduate from "old school" and start living in the 21st century for your own benefit.

It’s crucial to negotiate terms that benefit both parties, involve a trusted attorney and title company, and conduct thorough inspections and market research to ensure a solid deal.Good luck!

Neutral colors work well, and energy-efficient upgrades not only attract buyers but can also qualify for tax benefits.

Self-managing the STR has some great tax benefits if you meet IRS requirements.  

However, this provides tax benefits over time rather than an upfront deduction.This post does not create a CPA-Client relationship.

You might benefit from using the agent finder in BiggerPockets

Tax Benefits are also a result of time, good bookkeeping, and tax advisory.- Market Appreciation is the least predictable, but historically, where you will make the most money.