The tenant base, on average, tends to be rougher on the properties, moves more frequently, and cannot absorb any rent increases.  

Also, as long as the house appraises, taking broker commission and using it against down payment and closing costs means lower cash requirements for me which increases my CoC returns.

By the 3rd or 4th year if they aren't the same or have increased we all prob will have bigger problems

Putting that amount into it will only increase the loss.

Insurance is now a big factor in the expenses of investment properties, even here in Reno, NV there are areas that have had large increases for single and multifamily properties.

You can also expect increasing HOA fees, and there may be some problems renting a property inside a difficult.You don't have any experience, prices are at an all-time high, and rates are also high. 

Also if you get signed up for Pro it locks you in at that price and you are not subject to further price increases.

If you offer a bonus based on profitability will deferred maintenance increase because they want a bonus?

Hi @Brendan Jones I moved to Nashville in late 2021 to begin my homeownership and investing career, buying a primary residence, house-hacking it, and transitioning to a long-term rental once I bought my next property (also in Nashville) so would be happy to share my experiences.There is a lot of interest in STRs in the Nashville Metro area, but the zoning has become increasingly strict over the years.

However, note that claiming additional depreciation will increase, not decrease, depreciation recapture tax (up to 25%) when you sell.Key Considerations (Updated for 2025):1.