After reflecting on a strategy someone used to buy 15 short-term rentals off-market in just 12 months, I thought of an idea.

While I will still lose money on it in the long run, I'm at least breaking even on it monthly and no longer have the headache of it. 

I live in an area where rent appreciate quite a bit so it will always make money long term. 

I'd sell because you are reaching the time when you lose the cap gains exemption and that $24K would take over 2 years of renting to get back.I had a condo that I owned for a long time and I sold it despite it being paid off and having long term tenants. 

Why don't you share a bit more about where you are in the process, what you know about investing in real estate, what your goals are - short and long-term, and tell us a bit more about why you are asking your question here on BP?

I think that term, "clean BRRRR."

Is your tenant month to month or in a long term lease?  

If this is a long term hold you'll want to have finishes that match comps, but are also still very durable for tenants.

Otherwise, you won't have the additional dollars to pay future inflated prices.Your rental income must last as long as you do.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.