A BRRRR works beautifully with 1031 exchanges.In your situation don't sell. 

Very well done, I love your workflow and your property is beautiful.

The beauty is if rents can keep up with expenses then PI remains constant and that is where the appreciation of increasing rents becomes a good thing.Sure overall costs can come in below 50% then that is a safety net.

@Lisa H.Pismo is a beautiful area.

We are renovating a home in the Catskills and stuck on what railing to install on our outdoor deck—cable or metal.  We plan to use the home for short-term rentals—so safety is important.  We might sell if the rental m...

If Airbnb is an option for your spare bedroom then that's great, personally when I first started I didn't want to have to deal with the in and outs of people and also making my place aesthetic enough that it would rank well on Airbnb so I went straight to long term rentals but if you want to dip your toe in the water it could be a good option if shorter term tenants make you more comfortable. 

For background info, this is going to be a rental to students at a local grad school who will prioritize function over aesthetic. 

If you have any concerns that payment won't be 100% collected prior, then go with 100% at time of booking.The beauty of having a smart lock where you can disable a code remotely!

Nothing crazy because I think you have the right aesthetic for the setting, but maybe some fake plants with colored pebbles, bed scarfs, hand towels etc can go a long way to add some life.

I own and manage str’s in 2 different beautiful but often overlooked areas of the poconos.