I have worked with a number of new investors that use this strategy to get started. 

., and you should find some local investors with whom you can connect and learn their investment strategies. 

Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.- Maintain proper records, such as contracts, settlement statements, and promissory notes.- Additionally, you can track income and expenses consistently using software or spreadsheets.If you track everything, you could show a loss and use that to offset other earned income (such as a W2) which will net you a bigger refund.

It applies to STR in the same way.Is anyone here adjusting their investment strategy because of this?

Also any tips for automating this as much as possible and how to protect the property financially and property management would be appreciated.I ALMOST understand the rental arbitrage strategy if building a company scaling with say 30 + units and looking for high short term cash flow.  

For BRRRR investors: Are you rethinking cash-out refi strategies or exploring alternative rent models to make deals work?

Look at their marketing strategy.

., $700) to cover this, or are there other strategies for handling utilities in this situation?

Quote from @Dennis Bragg: Hi Breeya,You’ve got a killer set of strategies already!

I’d recommend focusing on building connections in Denver, exploring local markets, and considering strategies like house hacking or buy-and-hold investments to help you reach your goal of becoming a millionaire by 2027.Good luck!