Depending on the exact location, age, roof construction type, etc, there definitely could be a few things to watch out forAssuming the roof is of a reasonable age, it's still more than possible to cash flow with these properties, even after accounting for recent increases in insurance rates that we've seen.

The other thing that has been a problem is that the accounting has been very disorganized.

In 2020 I bought my first house 3 bedroom 1 bathroom and a 2 car detached garage for $175,000 and put a 10k downpayment on it and interest rate was 3.5%, in 2023 I decided to rent it out for $1350 mortage was $1106.62, in 2024 we raised the rent to $1450 and our mortage currently is $1144.76- I never put into account repair expenses, Capex, vacency until I read on rental investment properies book.

I didn’t see any way to login with my BP account like I could for example with Stessa so I’m assuming no, bit figured I’d ask. 

STR PotentialWith $40K in annual revenue, reaching $1,000/month in cash flow will require some adjustments.

Remember that their success is your success, so be their accountability partner through being highly versed in the real estate investing arena yourself.

Your accountant might have a preference.2.

You are paying them to do a job, I would let them do it and hold them accountable.

Didnt account for this in my due dilligence when purchasing.

Did you tell the accountant that you were interest in owning a STR?