Otherwise, if your cleaner feels stressed about talking compensation with you, feels under paid, or otherwise feels stressed about the relationship, it's going to impact your revenue in terms of reviews, and likewise cause you to have to replace them soon.

I'll echo what Stephen said, insurance makes things tricky as well as the high interest rates impacting the rest of the country, but if you get a good enough deal you can maybe make it work.

However, in hot real estate markets with 10% plus annual appreciation rates, the impact can be significant.

If these are retail buyers looking for a second home, the HOA often has less impact on the sales prices.

vs. a high-impact coaching program that makes it a cake walk.I think this is an important call out and something worth reflecting on, before you (or anyone else) invests $x,xxx-$xx,xxx.

It would be great to time your own stay during the slightly slower months (perhaps in the Fall) so you minimize the impact on revenue.

Hey Zachary I think it's essential to look beyond mere interest rate differentials and focus on strategic benefits, particularly if scaling your portfolio is a long term goal.Key considerations:Pre-payment penalties: Determine if the HELOC has any penalties, impacting your flexibility payoff.Scaling strategy: Evaluate the scalability and limitations of each financing option.Advantage of HML: Allows scaling without hard credit pulls, and no pre-payment penalties.Holding costs: Factor in not just interest rate differences but also ancillary expenses as well as overall goals of scaling.Example scenario:Property purchase for $120,000 with $30,000 renovation.

One of the impacts is going to be making it more difficult for guests to afford our nightly rates which is going to create pressure to reduce them.

If more retailers vacate their space than those properties are at risk of losing tremendous value as it will be difficult to re-lease to a tenant that is not impacted by California's high costs to do business. 

I am very new to REI and would like to know if this is a great opportunity to buy in an up and coming area or if the residential properties will negatively impact my ability to rent out my other unit.