I would target the master bedroom and bathroom since it is most likely that couple that is spending the majority of the money on the stay (and the one making the booking decision/leaving the review). 

When it comes to safety or preventing further damage to the property, we will make decisions with or without the owner's permission as that is stated in the PMA. 

The decision to acquire additional properties depends on your financial goals and management capacity.Continuation of Strategy: Continuing to acquire properties and utilize cost segregation makes sense if you want to offset W2 income.

I am open to all opportunities and will carefully weigh the pros and cons before making a final decision.

Do some research on the STR and MTR markets you are targeting.How much rental income you can expect may sway your decision.

Some big ones that you guys can talk about before getting lawyers/CPAs involved to see if you are in agreement are things like identifying key decision rights and determine who has those if there is a disagreement (leasing decisions, refinancing, sale, choosing a property manager, scope of capex and renovations, etc) and determining profit/distribution splits.

So read your contract thoroughly before making a final decision.

You want an accountant who can help you strategize and who is responsive when you want to know the tax consequences of the financial decisions you are making throughout the year.Good luck.

The new government is revoking these rules but only to transfer the decision to the local authorities.

We just want to make a good decision buying our first home and would like to work our way towards investments in real estate.