I'm in South Alabama, so it's definitely humid and A/C is a necessity.

Have you asked them if the buydown is a necessity? 

They share a personal account where only rental income is deposited, and I am listed as the beneficiary of their accounts at their bank.Although this is technically a personal account, we still like to refer to it as a "business" account to internally emphasize the necessity of maintaining a clear distinction between these funds and other personal accounts.

Advani underscores the use of modern software solutions for everything from rent collection to maintenance requests, suggesting that technology is not just an option but a necessity for contemporary property management.He also touches on the importance of building a community among tenants, whether through events or shared spaces, to boost retention rates and create a more desirable property.The Future of Construction: Innovation and SustainabilityIn the construction segment of his discourse, Advani delves into how technological advancements and sustainability are becoming increasingly pivotal.

My true goal is to earn enough cash flow to 1) cover my necessities and general living expenses and 2) replace my W2 (I have the approximate numbers for these goals based on my own personal ambitions.)Based on your comment, it sounds like I should strive to own high quality real estate in medium-high barrier to entry (read desirable, appreciating, etc.) neighborhoods.

hot tubs in that area i would not imagine are THAT big of a necessity. they are going to be more of a non-negotiable in mountainous/woodsy/lakes regions, like in the smokies you really need to have one... however, the maintenance and headaches are notable when you have a hot tub at a STR. really only do it if you absolutely have to. when you ran the #s with that software, i wonder if the properties that do have hot tubs, also had other amenities that were driving the ADR up, and that's what you were seeing. know what i mean?

Embracing technology is no longer optional but a necessity for success in the modern real estate market.

My husband and I purchased the property from family out of necessity before the market in the area went crazy as we couldn't work remote in our apartment in the city.

Fees are built into a lease to make that reminder memorable.Refrigerators feel like a modern necessity but they do not rise to the level of habitability concerns (i.e. life, safety, health). 

If I were of the mindset that I buy with higher debt terms for the sake of quicker pay off and realize higher cash flow later, it would not be a business and I would likely still be working a job.Many of the posters here are already financially free, but either chose to continue to invest, continue to work, or a combination of both, but not a necessity.