If I can plan to mitigate for the "fat tail" or "black swan" events then I can do much better than others when those events come and avoid the regression to zero.I am not a gloomer, I just think that some things are inevitable unless something happens (was that a Yogi Berra?)

He is more than 3X my price per night, is by fat the most expensive STR in town and has 3X the bookings of any of us. 

Hell, since you know you're refinancing anyways in this scenario, you may even want to ask your local FNMA direct no overlays lender how fat of a lender credit you'd get for a ridiculously high 5% interest rate.

In both instances, the repair person came out just 1 time (2 for the water heater), fixed the problem and my stress level was a big fat zero....just the way I like it.  

Fat chance!

If you are, lowering taxable income to get below the threshold amount, or making an S election and paying out wages become front-burner priorities.There are roughly 5 weeks left in the year, I would get on it...

To think my decision to finally make the leap into multifamily came from running across a newspaper story about how Fat Property bought the building my friend lives in.I'm still at the START of my journey but if anyone has any questions I'd love to help and return the favor I was given 

They have great KPI and tracking capabilities that really allow you to be effective with your marketing spend and trim the fat as you go. 

One more joke on this thread:A wife is naked in front of the mirror and says to her husband, "honey I feel fat and ugly, give me a compliment..."

So your a slumlord to their standards that they know nothing about.Eventually, you will be fat, bald (joking on both) and retired rich slumlord vacationing where you won't hear them....... but laughing as you send pics to their work email !