However, consider whether the upgrades will help attract higher-paying tenants or reduce vacancy rates, which might justify doing the work beforehand.

It is my understanding that the company works out the tenant billing rates based on your master utility bill to keep it consistent and fair.So, the technology exists BUT is it legal in Maine to bill the tenants in this way?

Active income, such as from a job, is taxed the highest, while passive income, like rental income, is taxed at a lower rate but can only offset passive losses.

Although it does reduce the premium slightly for that particular rating factor, it is not optional on the part of the HOA as an intentional cost saving measure.  

Other than reduced bonus depreciation (if you're using that strategy), without any tax law changes, rates will be largely the same for 2025 as 2024, so you may not lose much by delaying receipt of the bonus by a month or two. 

Your remaining balances weren’t entirely clear on the two mortgages, they are really low rates, so instinct is not to refinance them, but sometimes it is worth it for the longer term vision.It also seems like you may be considering tapping your equity to replace your income, without knowing your age or long term goals, this doesn’t seem like a great idea on the surface.If you are interested in jumping into real estate full time to replace your income you should realize that is probably going to take 12-24 months.

Also , normally I keep 5% as vacancy rate , but for this case I did 4% as its a desirable rental areaIs 7% expense conservative for such townhomes?

With the rise of digital real estate, there are now many more options available that make it easier than ever before for potential tenants and landlords to find each other.

Also, VRBO ratings are just as crucial as AirBNB.

You're absolutely right—rising material and labor costs have made it much harder to accurately project future reserve needs for condominiums.