A new buyer is probably not going to pay the full value of those renovations. 

We employ local people with livable wages, pay hotel occupancy taxes, drive tourism dollars to an area that needs a little help, and I could go on about for our rural properties. 

🌪️💼 For more info, visit IRS Tax Relief in Disaster Situations.

On taxes I believe we file as a nonqualified entity for the business. 

Have you considered investing in any of the Texas markets, or are high insurance and property tax costs a non-starter for you?

Another big hurdle is not understanding how to reduce your SE taxes and how to use RE to wipe out the income tax.

I dont like the higher tax rate in Howard County versus Montgomery County.

Before you buy, make sure to get the latest rent roll (a breakdown of what tenants are actually paying in rent), the tenant ledger (which shows their payment history—whether they’re paying on time or carrying a balance), and of course, a copy of each lease agreement.Too many investors rely on what the seller says, which often doesn’t match up with what the tenants are doing.

is your agent making you pay a $499 admin fee? 

You'll need to consider local Hotel Occ Tax to determine what you'll pay each month, and if the city/HOA is becoming more favorable or hostile towards STRs.