Cash flow is great, but it can feel incremental compared to the boost you get from equity plays.For me, it's more situational.

Comparable property sales do not affect the depreciation basis, which is determined by actual purchase and improvement costs.

Quote from @Alecia Loveless: @Jorge Caceres When we have to include heat in our rent we just raise the price accordingly to the max comparable amount that other similar units are getting.

It probably won't come close to $150K.Run the numbers if you put the profits into a savings account paying 5% interest and see how that compares

Companies like State Farm, Allstate, or Chubb often come up in conversations, but comparing quotes with independent brokers might give you the best value.Since you're in a general partnership, it”s critical to clearly define liability exposure.

Look at the age compared to there useful life and cost to replace.

Compare it to your cost of living now, and that's a great start. 

I am curious though, in hindsight, how does an investment in STR in Hawaii in 2012 would compare with other markets over this period of time despite all the regulation headwinds?

A lot of properties in Cleveland are so cheap compared to Vegas that you'll think every deal is amazing.

Cash flow is usually strong because rent prices are decent, and the cost of the property is relatively low compared to places like California.