I guide clients who are looking to treat their STR as active.Somethings to consider are whether you should get a cost segregation study done, creating a log of your hours and having an understanding of what hours count / don't count.

I'm one of the case studies in the BP book, The House Hacking Strategy. 

Document your experience so you can share a case study here or at your local REIA

There was a case study where a GP raised a million dollars for a deal with 70% of the funds coming from his personal network. 

Study their pricing, occupancy rates, amenities, and guest reviews.

Associations must now conduct a Structural Integrity Reserve Study (SIRS) to ensure they have adequate funds for necessary repairs and maintenance.

This safe harbor generally allows you to expense items under $2,500 per invoice or item, but since your fence replacement exceeds this threshold, it doesn’t qualify.As Michael mentioned, for the tax year 2024, you could potentially take advantage of a 60% bonus depreciation if you conduct a cost segregation study for your property.

Our latest case study revealed that our owners achieved 35% higher occupancy and earned 35% more annually by implementing our recommendations.Right Now, there is an Amenities Arms Race. 

Some Asian countries also have a low cost of living but I looked them up and you need a work or study visa and the requirements are much stricter than Mexico. 

Feel free to DM and we can see if you’d be a good fit the market I work and if not, at least I can give you a few pointers as far as STR fundamentals and a couple resources for cost segregation.One thing to add regarding cost segregation:You should always read the bio and resume of the persons signing your Cost Segregation study.