If you have a mentor already that's working great, I would lean into them more and utilize them as much as possible to get going.

Mid-year conversions do not qualify for a partial year calculation of STR depreciation; you must meet the full-year requirements to utilize this tax advantage effectively.5.

The modern features and amenities can attract renters, and energy-efficient designs might help keep utility bills down.

I have harped on this point continually, but many investors limit themselves and their wealth building because they do not educate themselves on three foundation principles necessary to understand and utilize the most effective wealth and estate building tactics and strategies in real estate.

These are true STR expenses listed, not the typical “oh, you just have to pay for your mortgage and utilities” logic some “gurus” teach.

There is capital in the system to be utilized. 

They have all utilities on the property so we use electrical and then every couple of weeks we run a water hose to an external tote we use for our water.

The rent is $2345+$50 pet fee excluding utilities.

Do you have zoning permits, building permits, utility approvals?

Here’s a short and incomplete list of ways I’ve either utilized myself or financed investors who utilized to create a high cash flow investment. 1.