An attorney said it would be expensive to be right so the developer built a single story home with the highest ceilings possible. 

I think your best approach is to pretend you are the investor yourself, calculate build cost (mortgage with interest) + Maint / cap expenses/ management fees according to your zoning and then compare that to the average rent in that neighborhood.

Mind you, it would be much less expensive to rent when you go there given the very low nightly rates due to the overbuilding.

The US legal system is one of assorted lawsuits and expenses of lawsuits and that is why.

I can certainly handle the bookings and standard service things, but the challenge right now is finding a cleaner who isn’t so expensive. 

.✅ Investors - Keep detailed records of ALL rental property expenses to reduce your taxable income - helping your CPA spot additional tax saving opportunities.Imperative to use a CPA who is well versed in Real Estate tax code.My CPA is just that - DM me to get his contact information....

That adds a lot of expense if you can even do it.All this I guess depends on how much risk you want to take or not take or can afford to take.

It generally doesn't make sense to build anything on the land to then tear it down and build something else, unless development explodes and you're tearing down ramshackle to build expensive.

-Evaluate our rentals for cost savings/reduced expenses/potential sales.

This helps you identify which factors drive the best returns and make confident, informed decisions.It’s also important to test your numbers with scenarios like higher vacancies, unexpected expenses, interest rate changes, or rent adjustments over the years.