It can bring in steady cash, help you build wealth, and mix up your investments.

Sounds like somebody was trying to mix business and pleasure and it didn't work out.

I think you are probably mixing apples and oranges.To have a capital gains tax of $30k you would have had a gain/profit of over $150k.I suspect most of the tax you owe is from depreciation recapture, which is taking back the depreciation deductions you had while owning the property. 

It was listed as a commercial property; a quadplex that also had a single family home on the back of the property (so two structures on one lot, zoned mixed use).

You don't always have to build a potato tree house with pillows filled with instant potato mix to stand out. :)

I’m a house hacker, commercial real estate (mixed use) investor, and a CPA.

As large private equity firms and investor groups with fancy names buy up all the larger entirely TOH parks we as smaller private park owners are left with many of the mixed POH/TOH parks. 

@Natalie Medved, take this with a grain of salt, as my wife and I only owned our Airbnb for about 18 months, but also have a close friend that manages something like 20 in the PHX area (a combo of personally owned and 3rd party for clients).We generally had luck in our furniture with the higher end Ikea, mixed with some vintage finds and some new from places like West Elm and Crate and Barrel.  

I get mixed feedback from Indianapolis people - one agent says typically 3% appreciation (with 2019 to 2022 being outliers), other people say it's higher and with gentrification those areas will go up in value.

A lot of my company's clients are trying to do this in 2024, with mixed results.