Historically speaking, STRs will at least allow you to cash flow right out of the gate and when you add in the appreciation and principal paydown and tax benefits, the returns are 40% a year or better on most of these deals. 

Maybe this turns around and you're looking at a gain in 30 months and having that available will be a big benefit.

It benefits your property hugely to have these cleaned and it doesn't cost much.

Remember that a rental is a long-term investment with additional financial benefits such as depreciation.

@Drew Sygit super interesting to hear, and I could see the benefit there.

I would like to emphasize that you should not invest for tax benefits alone, you should be investing in things that you like and understand before anything else.

Still close to the Bay Area but get the benefits of landlord/tenant laws, low property taxes, still high appreciation, job growth, population growth, etc. 

This psychological trap causes us to stick with a plan even if it no longer serves us and the costs clearly outweigh the benefits."

The investor must consider whether the potential property value increase or other benefits outweigh this loss.

However, this terminology can obscure the underlying issue: the original asking price was not aligned with the market reality.The Benefits of Price CorrectionsWhile the term "Price Improvement" may be somewhat misleading, the process of correcting inflated prices is beneficial for the real estate market as a whole.