I have used the same property manager the entire hold and have had zero issues and extremely happy with management, tenant placement and help on property tax reduction.

You'll find with most lenders there will be an LTV reduction of alteast 5% for it being a short term rental and technically considered vacant .

So, if interest rates are a buyer’s primary roadblock, then I recommend seeking opportunities to negotiate a reduced interest rate from a seller or looking at new construction, where builders are offering rate reductions and other substantial incentives.

. - Install two new high efficiency condensing boilers, and update windows and insulation for better heat loss performance.PROS - a) minimally invasive; b) can provide 15-30% reduction in heating costs (we are told).CONS - a)total gas expense is still paid by the landlord; b) individual units won't have individual control (except for a thermostat controlled shutoff valve for heat/water in each unit); c) AC would be available on with in wall/window units. 2) Try to individually meter each units' gas and provide each with a traditional forced air heating/cooling system.PROS: a)gas expense could be completely removed for landlord (huge)- even tankless hot water could be installed in each unit; b) each unit would have their own climate control.CONS: a) constructions costs of running new gas lines and soffiting sheet metal duct work. b) highly invasive with collateral construction costs; c) future costs of maintenance on multiple systems vs a single building-wide system. 3) An electric based heating system- This is tricky in my mind because of the high cost of electric heat.

Currently we are seeing STR owners posting for sale due to reduction in prices they can get per night and the vacancy rate increasing.

A property purchased today might be able to be refinanced in a couple years for a rate reduction and corresponding reduction in expenses. 2.

Currently we are seeing STR owners posting for sale due to reduction in prices they can get per night and the vacancy rate increasing.

Of the 4 REI profits, I still think there's a little light with principal reduction and appreciation, not sure on tax benefits. 

Any reduction in debt or cash received may be treated as taxable boot, resulting in potential tax liabilities.

First, I am planning to refinance the portfolio when the rates go down (whenever and if that occurs), so I'll probably not be realizing much of the principal reduction value as opposed to if I kept the loan for the full term.