The industry is long overdue for an overhaul.   

If you want real yield or cashflow, you have to buy in a non-vacation market that is not top of mind for an STR.

@Brittney YangFor the actual legal document, get an attorney.

Everything was handled in such an organized manner from the initial stage, to end.

If you want to talk condo law in Hawaii, I can tell you the aftermath of the Lahaina fire makes me hesitant to have an HOA ever again, but we will save that for the blog!

Quote from @David Lewis: Anything listed on the MLS by REALTORS will also be listed on realtor.com, so there's no need to work with an agent on this.Don't use the rental analysis websites like rentometer.

Part of this is due to marketing and pre-marketing of the home - an agent is your marketer.

Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.

Every area has an optimum room size that will garnish maximum revenue.

Maybe there's an angle for seller financing or some other creative approach to get the seller the total return they want over time, but it's hard to say without actual facts and data.