He says he usually gets away with $100, with $500 to $1000 being a max he would deposit if it was an extra ordinary deal.

You would have depreciation recapture on the items you depreciated (75k), taxed at ordinary income rates and then any of the actual property appreciation would be taxed at favorable capital gains rates (50k). 1031 exchange will allow you to defer all of that gain as long as you meet conditions.

Without a hot tub, or a swimming pool, or a back yard patio you aren’t offering anything but a place to sleep.

•Depreciation Recapture: When you sell a rental property, depreciation you’ve claimed can be “recaptured,” meaning it’s taxed as ordinary income up to a certain limit.

Unfortunately flipping is considered ordinary income.

However, if you decide to sell after holding the property for over a year, you could qualify for long-term capital gains tax, which is lower than ordinary income tax.

As an example section 1250 gain is taxed like ordinary income, in contrast generic capital gains has a much lower rate.

Most of them left owing more than they paid, which means money was lost and I had to deal with more paperwork and problems than I would with an ordinary tenant.

Occupying 8,000 square feet indoors and 2,000 square feet on a third-floor patio, this will be the largest In-N-Out in the world.

Inform your LTR tenants about these rules and let them know they can report any excessive disturbances directly to you.Communication: Keep an open line of communication with your long-term tenants, so they feel comfortable voicing any concerns early on.Outdoor Amenities: If there's a shared yard or patio, think about dividing these spaces further to give both STR guests and LTR tenants their own zones.Protecting Your STR from Bedbugs:Mattress Encasements: Invest in high-quality, bedbug-proof mattress and pillow encasements.