These employers frequently attract new residents and create a steady influx of good quality renters and prospective tenants. 5) The Albuquerque metro area and Central New Mexico enjoy over 310 days of sunshine and a mild climate year-round.

Renewals and rent increases- Research market rates; 3% is fair, but adjust if you’re far below market.

These strategies make STRs especially attractive to high earners, like tech professionals, who want to reduce taxes while building wealth through real estate.

This increases the perceived risk and perhaps the legal fees to put in place and then defend if necessary. 

I would increase their deposit by that amount to ensure you have enough to cover an empty tank and a month of lost rent.

.: @Travis Boyd you’ll lose more in interest rate increases, potential property taxes increases, realtor commission and other transaction costs than you’ll pay on any future cap gain taxes.

In a seller's market, home prices typically increase due to limited inventory, while in a buyer’s market, prices tend to be more negotiable.

I want to build a home on the property to increase value at some point.

However you have capital and experience which would be attractive to the right money partner.

The increased depreciation deductions can offset your taxable income, including gains from the sale of the previous property.