I'd recommend starting with the lower hanging fruit than a large basement reno - if your comps are close but don't quite get you to your number.Finishing the basement (with proper egress) could push you over the top, but confirm with an appraiser first to ensure it counts.

It's properly leveraging (not over leveraging) the asset that pays off.  

✅ Yes, IF:You have a system in place for cleaning and chemical balancing.You have a reliable team that can check thisYou market it properly (highlight it in photos and listing descriptions).🚫 Not Worth It IF:You don’t have a dedicated team or someone to balance for every turn.Your climate or guest demographic wouldn’t use it often enough to justify the cost.Make sure to have waivers, I ran into issues with people saying they got bacteria from it etc.

The Greater Phx area also has more places to expand, but be cautious of "island" developments that are separated from bigger cities. 

I am actively expanding my STR consulting business!

@Jacob HavlovickBigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

-Start at a title company- they will help you structure liens and deeds so that your interest is protected properly.

My passion lies in expanding my portfolio of long-term rentals and diving into property flipping as I grow in this journey.My main goals are to connect with like-minded investors and professionals, share experiences, and soak up as much knowledge as I can from this incredible community.If you’re based in Georgia or working on similar projects, I’d love to connect and hear about your journey!

Additionally, if your goal is to maximize personal financial benefits, consider profit distributions from the property-owning LLC, which may provide tax flexibility depending on your situation.By adhering to FMV, maintaining proper documentation, and structuring the lease agreement carefully, you can optimize tax benefits while staying compliant.This post does not create a CPA-Client relationship.

It’s also worth noting that Waivo is a sister company to Proper Insurance, which I use for my STR.