I also have 401k/ IRA which put me on coast FI.So here is the question for you:Would you pull out 500,000 From the equity on the portfolio to do the following:Invest in Short term rental properties, in long term residential rental properties that are more aligned to appreciation.It would decrease cash flow by $2000 in the short term.

Tenant performance decreases as the property Class decreases.Have seen too many out-of-state investors misread the City of Detroit neighborhood markets and liquidate their holdings when their expectations weren't met. 

Why doesn't Airbnb decrease their fee if they are so concerned about fees?  

I wouldn't expect to cash flow off the first property but expect a significant decrease in expenses. 

The forward treasury curve suggests that the Fed needs to decrease the fed funds rate 200-250 basis points from Sep-24 to Dec-25 for us treasury (and mortgage rates) to stay flat to where they are (i.e., us treasury (and mortgage rates) have already priced in future Fed expectations and mortgage rates will go up or down if the Fed cuts less or more than 200-250 basis points). 

Are you adjusting your strategy in anticipation of the potential rate decrease?

.- Take time to understand what your PMC is doing and ask how much they can modify to your liking. 4) a PMC can't be everything to every owner- If your PMC refuses to address the above or their answers inadequate it's probably time to terminate your relationship with them.

Did the occupancy rates of those properties decrease in a way that similar properties in the portfolio did not decrease?

Daniel,Seems you do have a lot, it seems there are a lot of "predictions" to values / costs increasing in there, one thing i saw is that you have loan Interest payments/ cost increasing every year too, if you have a fixed loan those costs will not increase, they will decrease and your Principal payments will increase.

I just saw all my insurance policies come down for the first time (renewal last month) and my condo association is expecting a flat or decrease at renewal.