It’s crucial to ensure that your cash reserves can cover not only the mortgage but also unexpected expenses during the remodel.The 30% housing rule is a helpful guideline to avoid overextending yourself, and ideally, you should be comfortable with your monthly housing costs even without rental income.

You've done well with your Class A rental, generating $500/mo in cash flow, this adds up over time.

Tourism keeps short-term rentals booked, while long-term rentals offer solid returns at a lower price point with steady demand.

Focus on identifying promising neighborhoods in the north or east bay by leveraging your husband’s contractor network, local real estate agents, and online deal-finding platforms.

Quote from @Sean Regan: Getting ready to list my first rental property after an extensive reno. 

thats basic list one can add.Value add /  New construction / land entitlements/ Timber / Minerals/ Lendingetc etc.. far more ways to actually make money than just buy and wait for rental income to payoff debtl 

After 12 years in the furnished rental game, I'd say that is a pretty good sample size. 

Quote from @Ben Trageser: If you live in your short-term rental (STR) property in a future year after claiming depreciation, depreciation recapture does not occur immediately.

I plan to use two of the bedrooms for Airbnb short-term rentals.

We are Canadians looking to purchase a few rental properties in Ohio.