Also most of my units are super nice so rent is already at a higher premium than some of the competition charges.

These improvements significantly increased the property’s market value and rental potential, attracting premium short-term rental rates and ensuring high occupancy.

Pursue STR and Aim to Be Top-Performing:If the STR market in Lynchburg is competitive, it’s possible to generate higher returns if you can position your property as a premium option.

Aloha Ed, it is Tax Alchemy.

Do we know if this book has a downloadable and editable spreadsheet for this?

Thanks, Elliot Edit: This really doesnt make sense at all.

(Edit) but in the end I think the numbers would be on our side and most are good hard working people. 

As I understand it 100% deduction on expenses that are soley related to the business or the rented unit, 50% deduction on expenses that relate to the general property as a whole ( mortgage interest, insurance premiums, common area repair expenses).

In other words you can see, but not edit.

Premium increases are rippling through the market; the state is also always going to be financially strapped/high tax due to union pension commitments from past generations and the high tax, high services nature of Chicago.I'd highly recommend getting on a plane and driving around before you buy anything there.