Over all, a portfolio of DIVERSIFIED (as to residential areas) properties utilizing a buy and hold strategy should provide an adequate risk adjusted return without utilizing any other “opportunistic” strategies to “gig” the ROI.  

@Pretty Khare As Ruben and John mentioned above, you can utilize a cost segregation study on your STR property to reduce taxable income (or create a taxable loss) to offset against your W2 income, but you need to ensure you are following the IRS guidelines very carefully.

Well, do they have a job to pay that extra $200 plus utilities per month?  

For example, temporarily stopping utilities to their unit during a repair or if there will be loud noise or a major renovation on the premises. 

And once we get through this batch of cabins that came online, I think occupancy rates will return back to pre-covid levels - which were among one of the better rates in any other STR area I had seen.Its funny.

Please provide a forwarding address prior to moving out, and be sure to cancel/transfer any utilities out of your name by the move out date.

Networking through meetups and online communities can also help.Good luck!

People sometimes think they should hide as a landlord so no one knows, but that's not wise because it's so easy to figure out and then you become a lying neighbor/landlord.As others have said, just set ground rules for contact and how, use an online portal, and be responsive.

Utilizing this strategy with FHA or Conventional loan products.Although sometimes the 4 units can be hard to find sometimes you can compromise and find maybe a 2 unit or 3 unit with 4 units.

I always let my clients know to do their homework and search online and interview different PM companies.