The $11k you spent on furnishings is high-many operators cut those costs, which can reduce your break-even period.While 1.5x long-term rents is typical in places like Oregon and Texas, some niche markets (e.g., corporate housing, traveling nurses) do achieve the 2-2.5x multiple.

Tenant Relations: A property manager with excellent tenant management skills can reduce turnover and increase tenant satisfaction.

Anticipation of these cuts has already reduced mortgage rates to their lowest in nearly 20 months.

Coolbaugh township is considering reducing occupancy (affects 1/2 Arrowhead Lake, Pocono Country Place, Pocono Farms, Pocono Farms East.

Energy efficiency upgrades to reduce operating costs.

If it reduces your vacancy rate from 5% to 3% over the 20 years years what is the payback?

Investor Consequences: Restricted Cash Flow Growth: Investors may experience reduced income over time since rent increases are typically capped below market levels.

I'm so much happier now, earning more income and tax benefits, don't need to be involved in the properties, and have reduced my liability with an added layer that puts more distance between me and the tenants.

In short, if I invest $100k on a new property for long term rental, I want to make sure that I can position the $100k fully as a business loss in 2024 reducing  my total taxable income by $100k. 

Example: the intention of Passive Activity Limitation (PAL) rules is to prevent high-income earners from reducing their taxes by merely investing money into real estate.