.🔹 Insurance Challenges – Even when insurance pays, it rarely covers the actual cost to completely rebuild.

Focus on tax-saving strategies such as cost segregation studies and bonus depreciation to accelerate deductions.By qualifying as a Real Estate Professional (spending 750+ hours annually and materially participating), you can offset your wife’s S-Corp income with real estate losses, reducing your tax liability.

Here's a big "math" you overlooked for quite a few years.Right now $388k in equity, minus (let's go all out) $100k in closing costs, gets you a walk away of $288k in equity.Use that $288k as a 20% DP, and you should have $1.44M in property value,...not $415k. 

The reason not to upgrade, is that you won't get that much more income for the cost of the upgrades.  

If a prop is 250k and you can refi at 70% LTV you want to get it at 175k minus rehab costs.

Repairing to sell might recoup some costs, but given the market and your limited funds, selling “as-is” is likely the best option to minimize further losses.

The sentiment was that STRs are a critical part of Buncombe County so they don't want to cut them off.

After the meeting there was no action plan other than doing a cost segregation study on the properties we had.

It's been disappointing when the fed cuts caused increases in the 5yr rate (that our dscr loans are tied to).

I use buildium which is a good value and I think the integration with tenant turner alone saves triple the hours needed to be worth the cost.