For my short term rentals I am really going to focus on adding improvements that will increase my daily rate and guest experience.

Quote from @Brandon Croucier: 20% down is terrific on land.It’s a non income producing asset which has increased volatility, typically I see 65 LTV max on land as of late.Thank you Brandon!

When cap rates increase you have to have an impact on NOI great enough to overcome the cap rate adjustment plus a profit. 

The benefit here is that I cannot get behind on taxes and if I fall on hard times and my buildings are empty, my rent payment is based on my income, so I guess that is attractive.

Looking for reasons to increase those expenses sounds counterproductive. 5.

It might be one of those positive sunk costs to increase the value when financing.

Having been in Austin for nearly five years, I've seen a significant increase in incentives for developers to build multifamily properties.

Quote from @Leeling Chew: Hi all,My tenant's lease expires on December 31, 2024, and converts to a month-to-month tenancy with a $150 rent increase.

@Chris Kay beleive you can do DSR loans without a job as they qualify the property, not the borrower.You'd still need 20-25% down though.That's where you have a decision:- Pay down the mortgage, setting yourself up for a future refinance to free up your VA Entitlement.OR- Save up for your next acquisition.Only YOU can make that decision as you have to be comfortable with the increasing debt-load risk and the additional time to manage everything.

That must be frustrating.How about price, is it still the 2020 price, or were there a lot of change orders and price increases as well?