After nearly 3 years of operating history, I'm concerned that the properties are not performing well enough to warrant continuation of the venture, and I'm considering selling.

Ensure your records include details of any hired help and the tasks they performed.

Here's a bit of background:I have over ten years of experience in real estate.I've bought and sold hundreds of properties in the past two years.I have six performing rental properties and aim to expand this to 50 by the end of the year.

I ONLY carry performing debt, debt that pays me to hold it.

In the meantime, maybe look into refinancing options for the short-term rentals to access some equity, especially if they’re performing well.

For your property to perform well, I would want it to rent for around $1800 a month to cover expenses and provide some cash flow.

@Harsh PoshtiThis will be dependent on the area and I would recommend you perform a market study to determine which project would yield better results and if either is even viable.

First, I’ll send my hopes and prayers to the seller that you can perform.

Purchase Another Investment Property and Utilize a Cost Segregation Study:When you reinvest in a new investment property, you can perform a cost segregation study to accelerate depreciation.

Felt like being at a high-stakes poker game, but with properties on the line.