Quote from @Hansen Tong: Hi Everyone looking for a CPA in CA that understands cost segregation, offsetting of w2 income through active short term rental partcipation etc. 

There is a distinct difference in the law between short term and long term rentals. 

This would pay us back less than we were owed but still enough to come out whole.We all tried to negotiate a short payoff with the second-position lender, who foolishly demanded payment in full.

Out-of-state investing makes the most sense for me—it’s impossible to cash flow anywhere near me, and moving wouldn’t make sense because I wouldn’t be able to earn the same wages or find the same kind of jobs.Before this purchase, I already owned two properties: a long-term rental outside Houston, Texas, and a short-term rental in the Sierras in California.

https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...Short-Term Rental Loans: What Are the Options and How Do DSCR Loans Stack Up?

Now take short-term AirBnB properties like one of mine in Miami.

Glad you made your way here.. are you eyeing long-term rentals or short-term flips?

Sure, I could look for a higher paying job, but I was wondering if anyone has any creative short-term methods to improve my ratio.

They could also be losing money in the short term while value-adding the property (before they can increase rents and NOI).

Is that due to taking a short term loan for repairs?