Any insight on this topic will be appreciated.Hi George-My husband is Dominican and we operate a STR in Samana we built from the ground up.  

If an operator had debt locked in, who cares what the value is if you aren't selling.

And @Scott Trench staff has helped me hone my page other wise I could not figure out how to load all the info into the profile pages and set mine up..

Our net operating income (NOI) margin is 54%.

Right now, there is probably very little cash flow, after operating expenses and vacancy.

The IRS requires the hours to be specifically in real estate trades or businesses, which typically means activities directly related to owning, developing, operating, or managing real estate properties.IRS Publication 925 outlines what counts as real estate trade or business activities, like development, construction, acquisition, management, leasing, and rental operations.

So, cash management is a function whereby the manager determines the cash not needed for the current operating cycle (week or month, daily in big companies) and puts the cash to work at better interest.

I'm looking at an excel sheet of Airbnb bookings for a client of mine.

Personally, I prefer being able to access my money without penalties since it’s mine.

I would say today 40-50% of your income goes towards normal operating expenses. 50% if you want to include replacement reserves which you should.