Do that for six months while you save more before making a decision on what to do, especially on doing it out-of-state.

Building a relationship with local real estate attorneys or agents specializing in STRs in the area can save you headaches down the line. 

This will save you on subscription costs.If you want to discuss any of this further, I'm happy to answer questions and help walk you through it.Best of luck!

I'll share first: I plan on spending the first bit of the year saving for my next deal--I'm looking for a SFH somewhere in the midwest to long-term rent.

I moved to North Virginia from NYC and saved my money. 

For the rest, I scraped together savings and maybe skipped a few Starbucks runs (okay, a lot).

You literally have to invest in something that will lose value, in the hopes of saving on taxes."

What we do to make up for it is create a private bedroom listing to hit a different target audience to fill in some of those vacancies.

Then compare that to what you’d net by listing it as-is—factoring in the time you save and the carrying costs you avoid by not renovating.It might seem straightforward, but once you dive into the numbers, the difference between renovating versus selling as-is can be surprising.

I know the "survive till 25" crowd was banking on interest rates going down to the 4's or low 5's next year and that was going to save these deals.