Quote from @Ashish Acharya: @Niklas Zhu If you tear down your STR in 2025 and convert it to personal use, depreciation recapture does not occur at the time of conversion.

Every time you lower your tax bracket you are lowering the value of the deductions.

I'm finding it hard to believe that Xero doesn't have the ability to do this will all their custom reports stuff.In Xero I can't figure out how to get a view in a report how much the principal has paid down over the selected time period. 

I’ve been in this business a long time, and I know firsthand how overwhelming that first deal can feel—especially when it comes to financing.

Rent in full on time every month with little to no turnover/vacancy. 

Pull your tenant-landlord laws for your area and arm yourself with as much education as you can about being a first time landlord. 

It will save you time and effort. 

@Jacob Glover seasoning period on a cash out refinance for a new construction property starts ticking from the time you took ownership of land with conventional financing, but requires 12 months seasoning. 

.: In CA it is a violation of CSLB business and professions code 7159(d)(5) to execute residential time and materials contracts.

Then more issues started to pop up over time.