My strategy is the long game, buy and hold, build equity and cash flow down the road.

Real estate investing is a team sport and at different points in the game different players will play more important roles.

It doesn't help with your tax issue but keeps you in the real estate game with a lot less headaches.

To win the STR game, especially if you're a new entrant, the most important aspects are 1) Amenities2) Location3) Property type4) UniquenessAll are geared toward you standing out on Airbnb/VRBOHot tubs, fire pit, bowling alley, pools etc. or being in the best location in an area as well as being to host a large group are all things to help you win.

In the end, you have 2 choices when there is a change, blame the system or find a way to win the game.

Person new to real estate trying to get in the “game” with little or no capital and trying creatively.  

For example, I would place one in the game room if it is located on the opposite end of the hallway from the bathroom.

Let’s be honest, I’ve watched folks who jump into this game as if playing roulette.. firing off offers on duplexes in Phoenix or leaning on some “sure-thing” house hack in Austin without ever sketching out their plan.

Your nightly rate will be influenced by proximity to the beach, interior design and amenities (ex game options, fire pit, pool, etc).

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.