If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

General rule of thumb I have heard is that carpet in a rental is expected to last about 5 years.The real fix here is buying premium higher traffic resistant carpet, or converting to a hard flooring on your next replacement, like LVP. 

They can handle bookings, cleanings, and guest communication, so you’re not always on call.Also, keep in mind that some areas have specific rules and regulations for short-term rentals, so make sure you understand what’s allowed in any location you're considering.It’s great that you’re eager to learn, and with the right strategy, STRs can definitely help you gain more freedom.

Legal advice - get an attorney to draft the PPM and do a 506c and follow the rules.

Today, the gross rents are $2,875 (exceeding the 2% Rule).

An accountant can help you navigate complex tax rules and keep your records in order, potentially saving you more than their fee.

It not a rule of thumb but its a good indicator you will save more money per month and recoup the closing costs in a short period of time usually 36 months.If you have any questions feel free to reach out or send me an email I enjoy helping and talking REI!

Second option is while finding a good GC to work with or rule of thumb I would say is make sure you don't pay over 25% of construction cost.  

Others follow the 1% rule, calculating annual maintenance costs at 1% of the property value.Property managementHiring a property manager can help to eliminate the stress of residential real estate investing.