Everytime you get close to depreciation running out (or want more) you 1031, expand your holdings, and your tax write off. 

The Greater Phx area also has more places to expand, but be cautious of "island" developments that are separated from bigger cities. 

I am actively expanding my STR consulting business!

Additionally, if your goal is to maximize personal financial benefits, consider profit distributions from the property-owning LLC, which may provide tax flexibility depending on your situation.By adhering to FMV, maintaining proper documentation, and structuring the lease agreement carefully, you can optimize tax benefits while staying compliant.This post does not create a CPA-Client relationship.

And having some operating income is ideal but not necessary if I expand through HELOC and refinances.

Pete area and would love to hear from those who know the market well.A bit about me — I’ve been in short-term rentals since 2013, starting with hotel management and rental arbitrage in Russia, then expanding to Germany in 2017.

There is no way to absorb the costs of properly renovating a home in its entirety when you are dealing with $115K assets.

Hey Jacob, do you plan on expanding the portfolio?

We've seen 3% for 100+ unit apartment complexes, but they also have onsite staff not included in the 3% management fee.Two other pricing options to properly understand:1) Fee charged based upon tenant payments or just occupancy.

Hello,I am a real estate investor located to Southeast MA, I own and manage a small portfolio of 23 units and am looking to expand and scale out of state as the returns and market have been quite difficult in my area: due to CAP Rates, specific building class I am looking to invest in, and rising interest rates/minimal inventory, as well as it would be nicer to be diversified and in a more landlord friendly state.