Property was sitting on market and needed light updates (roof, flooring, paint) but was in a great area that allows STRs giving me multiple options when deciding on rental strategy How did you find this deal and how did you negotiate it?

Required again as of 12/23/24 Appeals Court:"In light of a December 23, 2024, federal Court of Appeals decision, reporting companies, except as indicated below, are once again required to file beneficial ownership information with FinCEN.

I don’t think the competition in the smoky is light.

I had a STR in another market get shut down by zoning, so I put construction workers in there on a 30+day stay over the summer and now have a MTR tenant to keep the lights on through May after which I'll sell since I have no guarantee on having another 30+day contract next summer.

Purchase price: $600,000 Cash invested: $30,000 Sale price: $799,000 This was a very light rehab project

I will also admit at this point we are comparing apples to light bulbs since RentRedi was only costing me $59 per month and DoorLoop will cost $200+ per month and for those that have a lower unit count and only need basic services the RentRedi cost should outweigh the beta tech.

So they have to tread lightly/smartly in order to get paid! 

Our coverage was a little light for the extent of the accident.  

As for the initial post, I would ask a few questions to shed some guiding light.

., lighting, HVAC, or carpeting), they can claim a deduction for the remaining undepreciated value of those items.