first thing one should do is figure out if they quality the 2  in  5 tax treatment and if the home has appreciated a ton like 250 to 500k which is very common in coastal markets and Denver for instance.. selling would be far smarter than renting. pocket the tax free and find another rental. turning it into a rental you lose that one time tax treatment which in my mind is the very best for real estate. 

@Brittany GuimondWe do medium-term rentals in Denver and Colorado Springs.

Just throwing a ping pong table on a concrete slab in the garage is marginal.I had an STR buyer in Conifer, in the mountains outside of Denver, turn a massive unfinished walk-in closet into a little arcade area with two comfy lounge chairs and two vintage arcade games.

Excellent Ed's and Med's, international airport, port city, close proximity to NYC and DC.

Honestly it's almost less work for us because we don't have to screen, airbnb does, we don't have to deal with leases, airbnb does that stuff, and we don't have to advertise, airbnb does.Location: If you do str OR/AND you really want the highest appreciation (I wanted both) you want to stick close to RTP and the airport.

The biggest rent decreases were seen in Nashville (-4.8% YoY), DFW (-4.0%), Denver (-4.0%), and Austin (-3.7%).

My biggest hurdles now are: finding and trusting the right agent (Denver), and  lender. 

On the day of closing, we drove Anna and her son to finalize the sale, then immediately took them to the airport to catch their flight to Las Vegas.The most rewarding part of this experience came at the airport when Anna hugged us, crying tears of joy.

It's backed by data from these companies and the rental I have in Denver that I'm doing this on now.

Margins getting thinner.ADRs have actually decreased significantly in my market (Denver) since 2022.