Now there's a flip side to that, you can capture rate increases instantly as demand pushes where other asset classes can not.  

Most hosts miss out on stuff like dynamic pricing (changing nightly rates to match the ebbs and flows of the market, like airlines do), or things as simple as hiring a professional photographer to capture the main highlights of your STR.

If it's closer to 5%, I'd say capture the appreciation dollars by selling, and 1031 the funds to a slightly larger project

The threat of cybersecurity is extremey serious and I can tell you hacker is always two step ahead of the good guy.However there still need to capture all transaction in one cloud-like that saves the whole database and AI or LLM model could create faster title insurance issuance.

Looking into potentially Multi Family or what size of home will capture the most value.Lot 2 661 SqFt House Rehab $5,000Lot 2 1392 House Finish Construction on Foundation $140,000RentLot 1 TBD, We’re hoping we can construct Multi Family for max rentLot 2 661 SqFt House $750/moLot 2 1392 SqFt House $1900/moRefi/ExitLot 2 ARV $350,000$80,000 Cost of Land/House/Foundation$5,000 Cost to Rehab 661 SqFt House$140,000 Cost to Finish Construction on existing FoundationLot 1 ARV TBD$50,000 Cost of Land in AcquisitionTotal Cost TBDUsing a DSCR 75% LTV 8.3% 30Yr Cash Out Loan, I Estimate we should be able to pull out approximately $255,000 after fees/points.

On our personal Single Family investment homes we are able to barely cashflow with the higher rates with new acquisitions (we use commercial loans so our rates are prime +1%), but happy with with capturing some good equity on the purchase.

But I can control the price I buy at (equity capture at the buy), the financing terms (leveraging), long term appreciation, loan-pay down (very long term), tax deductions (not for me due to REP status and income limitations, but it's still there), monthly cashflow etc I think controlling the deal down to the details is where RE shines for the mom and pops like us.

Real estate has definitely captured my interest, so it's exciting to learn and to actually be going through the motions.

One just purchased and put in place a postal franchise; the other teamed with a locally well known chef and put in a restaurant, and a franchised day spa.  

Quick question about 2023 expenses.We purhchased our first inventment property at the end of December 2023, but did not get it listed for rent until January.We had some expenses associated the purchase in 2023 that would normally be captured on a Schedule E for 2023, but I don't think we can do a Schedule E since the property was not listed for rent in 2023.