Rental property owners, did you know you can deduct expenses like mortgage interest, property tax, operating expenses, depreciation, and repairs?

Property managers can also be expensive.

I think this technology will continue to improve over time giving more battery power and additional capabilities.Even the less expensive brands have worked well in our communities, I guess we will see how they compare over the next few years.

just to be clear here.. if all other townhomes are 250k then it wouldn't be worth 350k.. you cant make value go up.. there has to be comparable sales.. so if there are other updated townhomes going for 300k or so then you could upgrade and get similar.. but value is only supported by comps.. you never want to be most expensive in neighborhood.

My expenses including PITI run around $6,500 a month.My point: For anyone that's looking to get into STR's... do your homework, understand the market and push to be in the top 5% of properties.

It's very expensive.

Many cities rules are limited to their city limits and counties can have different regulations or conditions to meet eligibility (often requiring more time and expense.) 

The decor doesn't need to be expensive, she thrifts a lot of vintage pieces and orders the majority of soft materials and bedding/mattresses from Amazon, but you can feel the difference between a professionally catered home and a less curated space. 

On the front end of investing I strongly recommend having a separate bank account and not comingling rental funds/expenses and personal funds/transactions.

The way to minimize that risk is to make repairs as quickly as possible (but only for properties containing a residential structure) to make redemption too expensive.