The key is to accurately reflect the type of income/expenses and the timing of everything.

If you are looking for cashflow, the key is to transition the equity you have into assets that provide a higher return on equity (ROE).

(probably the biggest key).

There’s a lot of opportunity locally, but one of the 3 keys to success in STR investing is having enough cash to do them properly.  

Sorry to say so after the fact, but you need to learn some landlording basics.Never give the keys to anyone without a proper signed lease. 

Also, connecting with local agents or property managers who know the vacation rental market there can give you insights on occupancy trends and what types of properties are in demand.

. - patience is the key in this market right now, as many of the deals we've reviewed simply don't work. 

The median sale price increased month over month breaking the trend of decreasing median sale price the past two months.The rental market continued to moderate in Q3 2024 thanks in part to the increase in units being built. 1,815 units were completed in the year ending with Q3 2024 with 1,447 expected to be completed in the next four quarters.These new units brought online in the past year increased the overall inventory by 3.4%, however by Q3 2025 we anticipate demand to outpace supply by over 550 units.With this increase in units over the past year we have seen the occupancy rate moderate at 95.8%, down from the high of 98.9% in 2022.

The key is going to be showing the long term gains, since they won't see any returns for 1-2 years. 

Open and clear communication is the key  they need to know that your approachable but you'll call ******** when need be