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.

I would be interested in connecting with 1-2 people based in SoCal that would like to meet in person periodically to compare notes.

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

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

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.

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?

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

Having that been said, the barriers to entry are very low, which makes it one of the easiest countries for anyone to start doing Airbnb, when compared with other countries.

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