They know it functions for both.

I'm Ola, from Ireland, passionate about real estate investing, I'm particularly passionate about shortlets and vacation homes rentals/management.Outside of real estate, I enjoy buying & selling, investing, reading, writing and walking.Excited to learn and connect with you all!

A building is expected to have a functional roof for example and it will not give you value vs other properties who also have a functional roof. 

Cost segregation is a popular tax deferral strategy and there is often confusion as to the difference between bonus depreciation and reclassification.Bonus DepreciationBonus depreciation is a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets, such as washers and dryers, rather than write them off over the "useful life" of that asset.

@Jeff Hamann Couldn't agree more - everyone is usually looking for the next hot town/city when what they should be looking for is the perceived trend of a town/city as a function of the price.

Write them into your Purchase Agreement and get them under contract first.

When i asked her about the maintenance fees. she openly admitted in writing that vacasas' primary obligation is to the satisfaction of the renter and that they have no obligation to the home owner beyond changing lightbulbs and cleaning the linens. 

Write down your goals, plans, and systems on paper. 

You can always write a long closing if you need more time but don't let the seller change his/her mind.However, I am going to offer an opposing view to the STR idea. 

Tenant was impatient, and wanted to calll someone who could come right away  - I specifically asked (in writing) my tenant NOT to call another service because my warranty would be invalidated if he did, tand he agreed (in writeing - this was a text thread).