As a property management company in Washington, we help owners navigate these challenges and optimize profitability if they want assistance analyzing their property or planning future strategies.

@John Lasher Have you considered the BRRRR strategy? 

My former experience has been with LTR and I'm currently focused on STR in E TN but interested in learning other useful strategies and expanding markets in later deals. 

As others hinted 20K does not leave you a lot of room and would narrow down what strategy you can use.

Identifying value-add opportunities in strong neighborhoods and negotiating deals that make sense is something I’ve done a lot, so I understand what it takes to make these projects successful.If you’d like, we can connect and talk through some strategies or areas to focus on—I’m here to help however I can.

Spend at least 2 hours per day researching online about your desired investment strategies.

We are not real estate professionals.1) How would you handle the classification of the property in the 2023 tax year and would you utilize a STR depreciation strategy?

There are a few strategies you might consider to accelerate things.One option is a cash-out refinance.

That strategy actually makes your lead management team much more efficient because it outsources the mind-numbing tasks to the robots and lets the humans focus on what humans do best. 

Quote from @Tony Schmucker: Quote from @Wale Lawal: @Tony SchmuckerFrom my experience of working with over 400 investors, your strategy to relocate, house hack, and transition properties to management is a strong, methodical approach.