We financed this deal using our typical approach—leveraging Partner Driven's resources and capital, allowing our partner, Rodney Lomax, to focus on property improvements without the stress of upfront financing.

He quoted a 20% fee for managing each successful booking and suggested we improve the staging of the house, which he would oversee for an additional 10% of the total staging costs.

Reduce Taxes through depreciation (If you don't meet the IRS definition of a real estate professional, it won't improve any W-2 income taxes)2.

I can’t find anyone who will do a second on the rental anyway, I have found a HELOC — I was debating at least shifting the construction loan over to the rental, but at 5% that still seems like a wash.I’m open to doing another rental property, I just don’t know if I’m stuck because of how low the rental mortgage rate is, and with how much it cash flows — I may not be able to improve much on that situation.My wife and I both work full time, and I have a part time second job to make it all work.  

So, you are not improving the effectiveness of the system.

I know it has had a rough decade or so but I believe things have been improving over the last few years.

Later, I emailed them asking if they could improve how they match credit card payments and not only did they agree that it was a good suggestion...they implemented it THE SAME DAY that I emailed.

In fact, the market had improved by the spring of 2024.

In your case, since the roof replacement constitutes a substantial improvement to the property, it could warrant consideration for a partial disposition.

This way, your rental income supports your next purchase, and you don’t need to save as much for down payments.Financing: Focus on improving your credit and saving for future down payments.