@Tom Rairdon If you’ve owned your short-term rental (STR) for over a year, it likely qualifies for long-term capital gains (LTCG) treatment, taxed at lower rates (0%-20%) compared to your 33% ordinary income bracket.

I need help analyzing this property.Address:2542 Glenn Terrace, Mount Penn, PA 19606Asking Price: $209,000Taxes: $5087 (they are really high in my county)Renovations: $10K-$15KMortgage: ConventionalCredit Rating: 712 median1.

Do you think this strategy gains strength if lets say... in five years interest rates are at 5.5 vs 7.5 now?  

Good occupancy and solid CAP rate.

Rent rates have increased so quickly over the last few years.

I am seeing interest rates start in the mid 6% range for foreign nationals here in Florida.

.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000. 

Quote from @Jed Butikofer: Unfortunately, it takes money to make money.With high prices and high mortgage rates, cash flow is difficult to find and we may not see a return to the 2018 market for a while.

This person likely has a 30-year fixed rate mortage financed at less than 4.5%. 

A 4 bedroom would have you competing with larger condos or townhouses with pools, a much lower rate of return.