Proper bookkeeping now will save you so many headaches during tax season and as you expand your portfolio.Best of luck as you grow your real estate business!

Phase #1 - Recovery  - characterized by high vacancy rates and no new construction- rent, during this phase, is flat or declining- owners offer rent concessions to avoid their property occupancy rate from  decliningPhase #2 - Expansions- characterized by declining vacancy and the start of new construction- occupancy improves, concessions are not being offered, and rental rates being to growPhase #3 - Hyper Supply - characterized by new construction and vacancy rates beginning to rise - rental rates begin to grow at a slow rate- rent concession are being offerred due to the new construction in the area [in the hope of retaining current renters]Phase #4 - Recession - characterized by the completion of construction and a decline in occupancy rates - concessions are abundant to avoid high move-out rates Here are some foundational truths about optimizing your investments:#1 sow seeds of success in the down times - "The season of failure is the best time for sowing seeds of success."

Although my spare time to complete such projects follows seasonal work highs and lows, it would be smart for any type deal I consider to involve adding value myself to the property.With at least 100k (possibly up to 140k) of equity in our home, I have done a fair amount of research in HELOCs and refi.

However going into what is normally the slow season, I am concerned about occupancy. 

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Many seasoned investors are willing to share insights, and shadowing someone experienced can fast-track your learning curve.You’ll also want to familiarize yourself with the numbers behind successful flips—acquisition costs, renovation budgets, and after-repair value (ARV).

May be due to the current off season.   

I even see seasoned investors enroll in the program because they get more deals faster.

I have people that book for multiple weeks during season and I don't blame them for wanting a better feel of the place before shelling out $20K.  

You won't likely see an influx of renters though unless you did a short term rental during the winter season when the outage happens down there.