Got new renter, but the 2nd contractor cut some corners, took about $10k to finish it and the others. 

@Marc ShinI'd hire professional management...If it's going to be an STR, you really need it to be top notch, appear top notch, and be managed top notch"Minor updates" may not cut itBut I only have the limited information you posted

For the 10 year period spanning August 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.5%.With inflation nearing its 2% target and signs of a slowing labor market, The Federal Reserve is predicted to cut rates as many as three times before the end of 2024 (see here).

The jobs report likely won't impact whether rate cuts will come, but could impact by HOW MUCH rates will be cut.

That would leave you with $230k to do the renovation, and cut down your negative carry by 2/3. 

This is California for you, cut throat.Lastly, we have no copy of the loan contract and all we have is the paperwork from the Elite Home Energy ( work order and notice of cancellation).

Short term rents are typically higher than long term and could push you over the edge to break even or possibly cashflow.

since my goal is to be able to cut down my hours for quality of life purposes.

I have seen too many people not only getting in trouble with the IRS, but losing their investments to sketchy but appetizing "opportunities" to cut taxes.

Sharon Vornholt So do you not put a cut off date for year built or anything like that?