Binding your living arrangement with your investments is tough and you most likely won't be able to optimize both

Be it buying, fixing, renting it out, managing the rental, selling, refinancing or anything else, investors look for systems that can help them optimize their costs across multiple operations.

If you are looking to optimize your growth, then leverage is the only path.  

Love the optimism @Kenneth Donaghy, but @Dan Heuschele (and Ben) is right.

.- Purchase price: 550k- Strategy: STR (5b2.5b 14 guests)- STR income: 124k / 10.3k monthly- CoC: 19.79%Alternatively, I discovered a few small multifamily properties with a mix of LTR+MTR+STR to help with occupancy optimization, and I can see that on-market 4-plexes like this one with a cost of around 600k will cashflow and gross a similar 110k-120k yearly.I see that population growth slowed down, and maintenance/utilities should be much higher due to harsh winters. 

Any ideas on how to optimize the $50k we spent to upgrade our rental would be much appreciated.

To become in the top 20% of listings in any area, it takes 3 things: Professional photos, a listing optimized for the platform that you are on (page rank), and dynamic pricing (to adjust for occupancy rates). 

Now if you optimize the two and go specific with locations, buying indexes and buying puts, it's still going to like favor equities.

Understanding the nuances of Backdoor Roth IRAs can be a game-changer in optimizing wealth-building opportunities.

They can help you with the following: Understanding tax impact of short-term vs. long-term vs. flip before you buyWhich entity structure is best for goals and investment property typeTax and compliance on LLC or S-CorpHow to transfer property out of personal name into LLC (hard to buy 1st through entity)Ways to optimize taxes through out the yearHow best to set up accounting to track income and expenses (doing this late is a mess)Feedback on property management systems, accounting systems. systems, etcEstimated payments to avoid penaltiesKnowing when to file and getting things in on timeMaybe a few things I missed, but this is the high-level …..