We reinvested 100% of the profits for 10 years and never upgraded our lifestyle. 2)We self manage.

Things wear out over time, require updating, upgrading, replacement etc..

I then hired contractors for plumbing, electrical, roofing, and HVAC upgrades.

Now, the older, house-hacked duplex comes on the market as a rental, lowering rental prices as another option available.Someone else moves out of their rent by the room unit, and upgrades to the duplex.

I then hired contractors for plumbing, electrical, roofing, and HVAC upgrades.

I heard plenty of podcasts to give the appraiser a folder showing upgrades to the property, comps in the area, etc.

This upgrade not only improved comfort but also significantly modernized the property.

Tools like QuickBooks or even a simple spreadsheet can help you mentain compliance and prepare for audits.Reinvest WiselyScaling a short-term rental business often requires reinvestment in marketing, property upgrades, or even hiring help.

So I almost “broken even” with the cost of construction vs. valuation aspect.

I have broken down 4 key benefits to a retirement account: 1) Compounding interest in the absence of taxation (particularly with a Roth IRA) 2) Ability to self-direct into alternative assets, like real estate, private real estate partnerships/syndications, crypto, gold & silver and other alternative investments. 3) Credit protection (see state specific laws), but generally inherent protections. 4) Upon death, if setup properly, probate avoidance