Quote from @Diana Mulvihill: Hi all,Looking for some advice, please.I started my STR about six months ago, and it’s been going great.

. :-) I don’t have a coaching program I’m selling either.A little over a year ago, I started a thread about who was investing in their health.  

With that said, it's best to START it like you're going to outsource everything, so it will be easier once you decide to make that transition.

Connect now and start learning!

Started the process on 1 house in Cape Coral Nov. of 2021. 

Engage an investor-focused realtor/broker in your preferred market (this is not a residential realtor) and start 'tire kicking' the market and properties that fit your criteria.

I'd start by giving all residents the required notice (usually 24 hours) and go inspect the units as quickly as you can. 

Assets identified in this study include:Standard windows and doorsInterior ceilings and wallsBasic plumbing and electrical systemsBuilding structural elements and roofingBasic HVAC componentsWater heatersFire protectionThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

Finally, if you cannot find sold properties to compare within the timeframe or distance you can go out a bit to find properties to compare.This will get you started with finding values for residential 1-4. 

When I started in 2019 most of my bookings were from VRBO and now I get most of mine from AirBnb.