That means creating a clear budget, forecasting cash flow, and maintaining a detailed financial model that tracks both the current and future performance of your portfolio.Tax Optimization & Risk ManagementBeyond financial clarity, strategic tax planning and risk management are essential to safeguard and grow your real estate investments.

We develop, build, and manage Class B multifamily projects in rural southeast US—12-200 properties in places like rural Georgia or Alabama.

As I work on preparing my first STR which I plan to materially participate in for 2025 and manage myself I'm wondering about furnishing the place and getting it ready for guests.

@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.

I'm on standby to assist with Property Management, no risk to give us a try!

Here is my method I got that has done me wonders, I used the method from Brandon Turners book on managing properties:1.)

Did you find someone to manage it or are you doing that yourself?

Again, this is with commercial/investment property; owner occupied or consumer loans may have legal issues rendering this technique non applicable.  

I manage a coinvesting club where we invest once a month in apartments, trailer parks, vacation properties, land and recently we even invested in an industriall company.

You must learn to manage the property well.