I will be sure to increase my rice in the future!

We don't have kids (might in the future), my husband and I are young and healthy, have stable high-income full-time jobs, and just put in a lot of work to both properties so don't expect huge expenses in the near future.

It sounds like you might have some great insights or connections & I’d love to explore how we could work together or share resources to make impactful deals happen.Let me know if you’d like to hop on a call or chat further—I’m excited to see how we can collaborate now or in the future.

If you expand your rental business in the future, an LLC may be worth considering, but for now, keeping good records and securing appropriate insurance should provide adequate protectionThis post does not create a CPA-Client relationship.

This way, you build income-generating assets first while keeping future options open.

If purchasing new real estate as part of your reinvestment, a cost segregation study can maximize depreciation deductions, offsetting future taxable income.For effective planning, assess how the sale price is allocated between real estate, tangible assets, and goodwill, as this determines the tax treatment.

You may not see a direct bump on ADR i.e. you just increase pricing 10% but more future bookings does equal higher ADR, and a higher occupancy.  

As for foreclosure, yes, the debt might go away, but it would wreck your credit and make it tough to borrow in the future, so that’s not a great fallback.

Not to say you can't get a property manager in the future but I think it's best to learn the ropes first. 

Again I'm mentioning for future readers to see that price should not be out of thin air..