That said, above all else, I would prioritize experience far more when making your selection than the physical location of your tax professional.

Through observing what many of these out of state or passive real estate investors (your most likely client base)  prioritize in these forums two items that jump out are avoidance of major capex repairs and asset protection.

Prioritize your financial stability.

Older properties typically offer better cash flow due to lower mortgages and rents that exceed expenses, but may require more maintenance and updates.If you prioritize immediate cash flow, older properties might be better.

It gives hosts another opportunity to stand out by offering personalized or local experiences alongside their stays, which might justify higher nightly rates or longer stays.On the other hand, if Airbnb puts too much emphasis on Experiences and doesn’t prioritize fixing issues like host support, pricing transparency, or booking protections, it could feel like they’re diverting attention from the things that truly impact hosts' day-to-day.

Prioritize cleanliness, appealing furniture and decor, being pet friendly, appealing to your market, professional photography, great customer service, and great reviews.

Assuming that is the case, I would prioritize entitlements over paying off your existing mortgage.

Prioritize your financial stability.

Then use that report as a guide to what else really needs fixing.Also, use this guide to prioritize repairs:1) Health & Safety issues2) Property Preservation3) Goverment Required (S8 and city inspections)4) Marketing negative impact5) MiscellaneousAlso, keep in mind YOU are NOT living in the home!

For example, A-class areas might become oversaturated with rentals or experience events that reclassify them as B or even C-class, while areas previously considered as C can rise to B or A status through new investments and revitalizations.Thus, the choice between prioritizing equity or cash flow isn't always clear-cut.For novice investors, I typically recommend starting with A/B areas due to their relative stability and lower risk, which makes them safer but often with less upside potential.