Yes we ask towards the top of the market, but I anticipate my holding times (which are in line as the short supply in my area is able to work for me) and build that in. 

Cost to build an ADU are high, however, so it may not pencil out in the short-term.

Although, with all of the trips going down to Texas, having been burglarized, and in an area next to an active trap house that was selling drugs on the corner... occasional gunshots in the distance..

Tools like QuickBooks or even a simple spreadsheet can help you mentain compliance and prepare for audits.Reinvest WiselyScaling a short-term rental business often requires reinvestment in marketing, property upgrades, or even hiring help.

Ithaca usually seems to have good intentions but this one is just short-sighted.

I generally look for two things: new homes on the market for sale are they being sold very close to asking price, with short days on markets or not.

This isn’t 1979 where you’re restricted to properties “within a2 hour driving distance”.  

This window of opportunity in Austin May end up being short lived, the sidelined buyer demand has been stacking up and the influx of population is never ending.

CPA vs EA vs Tax strategist and so forth.Long story short: it doesn't really matter.

Regarding the market, short term rentals typically lease quickly as Jacksonville is one of the hotspots right now for STRs.