Hi Holly,Here here.I'm not a fan of debt either lolWe loose 90% of business because we turn down turnkey investors looking to finance.The reason is mostly two-fold:1) Our price points are low entry and we have the luxury of not being volume focused so we just refuse to deal with closing delays when it comes to selling via financing.2) I don't believe in leverage when first starting to build a portfolio.

If you get on to The Short Term Shop website, under "Blog" there is Air DnA data for all of our STR Markets note that the Luxury STR prices are taken out of the averages.)  

Outside of Cannon Beach, the most luxurious and premier community in Oregon, price points are still relatively attractive in comparison to California, Washington or Florida. 

If one market experiences a downturn, others may remain stable or even thrive.Higher Potential Returns: Some out-of-state markets may offer higher potential returns due to factors like lower property prices, higher rental yields, or stronger appreciation rates.Access to Different Economies: Investing in diverse markets allows you to tap into different economic conditions, potentially capitalizing on areas with strong job growth, population expansion, or industry booms.Specialized Opportunities: Certain markets may specialize in specific types of real estate, such as vacation rentals, college rentals, or luxury properties.

Running a fancy Class A downtown luxury apartment is far different than a 50 year old building in a low income area. 

Both of my properties are in the city and fall in the economy STR category, and my dream is to pivot into the luxury STR space. 

We've been FI for years with a moderate 'luxury' househack and never a car payment. 

But I had an old cheap night house now I have expensive luxury houses.

Only manage high luxury properties, they've done an excellent job with some Oregon Coast STR's. 

Most expenses prior to this date would be added to basis and depreciated once placed in service.Unfortunately, you often don't have the luxury of choosing how you would like to report certain expenses.