I agree that rates have naturally adjusted with the rise in the Fed rate, and it seems like the 10-14% range may become the new normal for a while.I’m curious—what’s your outlook on how this rate range will impact new investors entering the market?

We can't find the next opportunity, have little economy of scale, so I'm forced to keep our reserves high.

For the second time, I've had a guest cancel a reservation, initiating a refunding through my payment provider that brings with it significant transfer fees because Booking.com heavily promotes their "book for free, pay on arrival" policy, which is not aligned to my management platform policy.

This way we reduce our monthly legal expenses and have cash reserves to weather the next few quarters during the virus.

They just let me know I wont be receiving rent and the reserve accounts have been depleted. 

Do you have W-2 Income, 20% down, reserves, and a decent credit score?

If you convert it to a rental and sell later, you may owe capital gains tax + depreciation recapture, unless using a 1031 exchange to defer taxes by reinvesting in multifamily.Leveraging $100K in equity via HELOC or cash-out refinance can help fund the next deal, but ensure rental cash flow covers debt, expenses, and reserves.

Don't over leverage and carry reserves.

But balance is key—keeping some cash reserves for unexpected expenses is critical.Lastly, I’d recommend running detailed numbers to ensure the property cash flows well, even with conservative estimates.

It counteracts human nature, which is laziness, greediness, self-centeredness.