Here’s some perspective:1% Rule: Meeting the 1% rule is a good sign, especially with many markets struggling to hit this benchmark.Cash-on-Cash (COC) Return: 8.73% is decent, especially with today’s higher interest rates.

It's easy to play the what if senario over in my head over and over again, but I've shifted from "What if" to "What's next"!

Have you read the TREC rules?

I am not sure of the STR rules for that, but I know SLC has not rounded the Western states curve yet and caught up to Oregon, Cali, and Washington. 

Be sure to read the rules located in the footer of every page. 

You need to buy me dinner first mate hahaI’m not that easy 😘

And typically long term rentals don't make it easy to include property management fees into the numbers and have them still work well.I would consider looking into STR type areas where you can avoid the risk of property damages (str and pm insurance covers almost everything that they might damage) and evictions/collections.   

It's better than it used to be but they don't make it easy.

Now I own and self manage 29 SFR and find it to be easy.

The activity is essentially no longer subject to the passive activity rules, so even if your modified AGI exceeds $150,000, you can take the suspended losses in year of sale.