They can handle bookings, cleanings, and guest communication, so you’re not always on call.Also, keep in mind that some areas have specific rules and regulations for short-term rentals, so make sure you understand what’s allowed in any location you're considering.It’s great that you’re eager to learn, and with the right strategy, STRs can definitely help you gain more freedom.

General rule of thumb I have heard is that carpet in a rental is expected to last about 5 years.The real fix here is buying premium higher traffic resistant carpet, or converting to a hard flooring on your next replacement, like LVP. 

My question is, if we take a cash out refinance from one property and pay off a second property; by virtue of interest tracing rules is the interest deductible on the second property.The reason I want to do this is because it improves on the title/closing costs for the one property while still leveraging the highest value property.

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to Biggerpockets and happy investing! 

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

Legal advice - get an attorney to draft the PPM and do a 506c and follow the rules.

An accountant can help you navigate complex tax rules and keep your records in order, potentially saving you more than their fee.

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

And unfortunately, even when a syndicator is performing above projections, if the stock market comes down, that LP is likely going to stop investing based on asset allocation rules.  

Second option is while finding a good GC to work with or rule of thumb I would say is make sure you don't pay over 25% of construction cost.