Cap rate is only one metric to compare properties.

Let's see two comparable rental listings one with ADA upgrades (grab bars, wheel in shower, etc) one without.

A-Class areas should have lower crime rates compared to C-Class.Amenities:A-Class neighborhoods have diverse shopping options and amenities (e.g., Chick-fil-a, Wholefoods).B-Class areas often feature Walmart and Dollar Stores.C-Class neighborhoods usually have fewer amenities and more basic stores.Schools:A-Class areas may have access to better private or charter schools.

Since electricity and water is included in our rent, we also have a clause stating that if the monthly bill doubles compared to the month-comparable bill from the prior year, then the excess will be assessed as a fee.

I've always compared rent-by-room to student housing.

It involves using Section 179 or bonus depreciation, and I would not DIY this project, as distinction between repairs and capital improvements is one of the most confusing areas of the tax law.And no, you do not need a cost segregation study to deduct these components of your rehab - if you have itemized invoices and receipts.Myth 8: for a valid 1031 exchange, I must exchange STR for another STRNo, you don't.

It was a nightmare with people sharing amenities and complaining one of the parties were being too loud, or drunk, etc.Not exactly comparing apples to apples but that turned me off to trying to do any more shared spaces. 

Despite a slight decrease in total sales (-1.2% compared to 2023), average home prices have risen by 8.5%, with median home prices around $275,000 as of August 2024.

The interest rate being paid on the debt as compared to the interest rate to be paid on new debt used to purchase a property.

@Nikhil MascarenhasDifferent people go different routes depending on their risk tolerance, their amount of equity and compared to other assets owned, how patient they are with a complicated set-up and high legal fees, whether they view the $800 as game-changing or just a cost of doing business, etc.