. - Despite 3 tenants in under 3 years, it has done very well for us and has only been "vacant" for 15 days in that period, and has great cash flow, ~$1000/mo due to ~50% equity in the property, and a low covid-era interest rate. - I have been saving ALL of my cashflow into its own account to accumulate to buy the next rental (totaling ~$24,000).

I did a direct rollover for a rental property.question: Can I deduct repairs from the remodel as well as take advantage of the depreation schedule as i do on a triditional financing. 

If you’re not well-versed in lease agreements, security deposit rules, or eviction procedures, you could run into trouble.❌ Emotional Stress – Handling tenant issues (especially late payments or evictions) can be stressful, especially if you live in the same building.Hiring a Property Manager in ChicagoPros of Hiring a Property Manager✅ Less Stress & Time Commitment – A property manager handles everything from finding tenants to collecting rent and coordinating repairs.

I would recommend that they invest in an inexpensive 'white noise' machine to help muffle the sound but that no property is completely sound proof and the upstairs tenants are well-aware of their concerns and are respectful.Always 'entertaining,' huh?

Having a lease in place will help you as well - some lenders won't refi a vacant property.For your refi, you're usually looking at 75-80% max LTV with a debt service loan.

Quote from @Jeremy Holden: STR's are alive and well down in Metro Phoenix, Arizona . 

Lower returns are an issue as well. 

The good thing about this is you can do a parent listing offering the whole place, as well as 2 other listings for each unit. 

It is very competitive but if you utilize good resources and think smart you can do really well!!

@Allen Duan please send to me as well.