On the flip side, saving for another property could delay financial stability if unexpected costs arise.A Balanced ApproachIf you’re still torn, consider a hybrid strategy:-Focus on maximizing your current STR’s performance.

One thing NOT in their contracts is their performance numbers.

Once you have a market chosen I'd connect with a realtor/wholesalers in that market through BP or Facebook groups to get a first hand view from them on how their market is performing.

You can use a tool like AirDNA to get estimates of property performance in your specific market and with your typical size and configuration of home.

She is a contractor and she didn't have to perform this cleaning so she doesn't get paid for work not performed. 

There are many cost segregation specialists to choose from, so it’s important to perform due diligence.

We regularly take over properties from managers who haven’t performed well, and it’s a seamless process when done right.

@Nicholas Dillon If you sell a property and perform a 1031 exchange but do not reinvest all the proceeds, the leftover portion (called "boot") is subject to taxation.

As the market evolves we've intensified our commitment to helping investors focus only on listings that are eligible for vacation rental usages and either; have exceptional existing production or high potential for rental performance.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!