Personally, I would not keep a rental at an expected deficit, and I would not want a rental without a safety net to be able to cover six months of disasters. 

I've been a property owner for about 13 years now. 

A normal turn around time of advertising while doing finishing touches, able to be occupied within next few weeks would be reasonable. 

I certainly do not think it will add to your ADR or occupancy.Could always just put a mirror on the ceiling haha A lighted ceiling mirror!

Yes they are a nice bonus, but you could find yourself on the end of a lawsuit due to a guest getting injured or even killed.

Quote from @James Huff: Hello,  I was just told that I cannot owner occupy a duplex because I bought a home in Oct 2024.

To offset costs, I’m planning to buy a duplex and pursue a house-hacking strategy:1.Rent out one unit as a long-term rental.2.Live in the other unit and rent out the bedrooms as short-term rentals (STRs) through a furnished rental approach.Before diving in, I have a couple of questions:1.Can I use a property for both short-term and long-term rentals?

It’s inconceivable to me how someone with a RE broker license, a CCIM, and a plethora of Series Securities Registrations can think that the property tax valuation would be reassessed at a LOWER value after knowing that the subject property and neighbor properties were being sold for record prices with each recent sale.

Quote from @Timothy Taylor: I'm working on a cashout refinance with Aloha/Swell of a 4 unit property and started the process 2 weeks ago. 

Any other options you guys may suggest if you've been in a similar situation I'd love to hear it ?