The tax assessment last year was based on the home's prior condition but fast forward to this year and the taxes have doubled.

You can double your money in one year if your property appreciates only 5%.If you are considering the OOS route, there are a few markets that have both cash-flow and appreciation you could look into.   

Double check so you are budgeting correctly.Last, I would generally NOT recommend you use your Heloc for your repairs.

Selling an investment property can feel like a double-edged sword.

I am responding as a consumer not a STR owner we had one its lasted for us for exactly one tenant then we felt it was too much work for the return  on investment we do much better loaning money and buidling new homes than to worry about people goofing up our homes :)I do have some MTR you know fully furnished homes in Vegas and those are money makers for us top of the line tneants paying double the going rate for rent.

He's already lost $80,000 in potential income and they could easily tie him up for double that in a heavily regulated market like California.Successful landlords charge market rent or close to it.

What is a storm rips through and trashes the roof, BUT the condo project does not have enough insurance coverage to fix it, the value of the all the units in the project just went down. or, even if they are able to fix it but  the coverage premium doubles so the HOA has to double the monthly HOA dues but half the complex can not afford it? 

The US government is also refinancing our debt every year, and we can't take a doubling or tripling of the interest rate.

Otherwise, you just doubled your learning curve as loan servicing and portfolio management is another field.

So yeah I had calls on Tesla a few weeks ago and basically exploded my portfolio by double.