If you plan on moving and keeping the other property as a rental, it's imperative to ensure that the revenue from the rental far exceeds the debt payments from the new refinance since you don't want to create a negative cash flowing property, aka a property that cost you money each month.

Thorough tenant screening and ensuring the property is well-managed can prevent these issues.Misjudging Refinance Timing:Timing the refinance is tricky.

I'll update my listing description to ensure that anything related to that season is highlighted for guests. 

I’d like to clarify a few points to ensure everything is transparent and clear.We have nearly countless successful members, some who even earn over six figures per month using the same system you referenced.

Working with a CPA on your tax strategy will definitely help ensure you’re getting the benefits you’re after.Good luck with the closing!

When you apply the caulking, use a damp finger to remove excess caulk and ensure that the planks’ separation is filled.

The first thing I would do is ensure it is safe.

@Pretty Khare As Ruben and John mentioned above, you can utilize a cost segregation study on your STR property to reduce taxable income (or create a taxable loss) to offset against your W2 income, but you need to ensure you are following the IRS guidelines very carefully.

Always consult a tax professional to ensure you meet all the IRS guidelines and documentation requirements.

Make sure the language added to the contract includes being able to reinspect to ensure that the work has been done and/or receiving a certification or receipt from a professional providing proof the work has been done.