@Niklas Zhu If you tear down your STR in 2025 and convert it to personal use, depreciation recapture does not occur at the time of conversion.

You can't negotiate directly with a real estate agent about hourly rates because that's up to their brokerage.

Quote from @Joy Daniels: I manage short-term rentals in the Sarasota area, and I'm always looking for innovative ways to boost occupancy rates year-round.From your experience, what marketing strategies have had the biggest impact on keeping your properties booked?

My suggestion is to find some real estate industry surveys (via CBRE or others) and look for the MF cap rates in various cities/states/regions.

The "variables" you speak to could mean this is worth every cent of a 5.4% cap rate to "I wouldn't touch this for a 12 cap".  

There’s almost always a rate at which it just doesn’t make sense.

I’m having trouble determining the correct monthly rental rate for my property.

Also the hit rate per property is really low.

I realizing the duplex conversion strategy is more complex I probably wouldn't try it on my first property, just want to get a sense of what's possible in the Chattanooga market :) Thanks!

With a low 4.75% rate but minimal cash flow ($50–$125/month), your equity could likely work harder elsewhere.