That’s means this one claim for under $2k after your deductible could easily cost you $1,000 or more per year for the rest of your life.

Yes STR does align with your goals a lot better, but for what you have already gathered with your LTR in Cincinnati, I think you may be missing out on looking at your opportunity costs for your LTR already.

It was an old house and it was costly to keep it to the standards for Sec. 8.

It kind of depends on what your goals are, but you may be able to start consolidating your properties a little more with like-kind exchanges and/or purchasing larger properties where you could do cost-segregations on.

This saves me a ton in material costs. 

A lot of lenders have a seasoning period of 6 months in order to use appraised value not cost basis.

They want instant gratification.It's a cold world though, you ain't getting that without a cost.

Despite recent challenges, Los Angeles continues to outperform the broader Western region, which had a higher vacancy rate of 11.9% and lower average asking rent of $178 per unit in Q1 2024.Asking and Effective RentAsking rents in Los Angeles decreased marginally by 0.5% in Q1 2024 to $234 per unit, following a more substantial 2.8% decline in Q4 2023.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

using 80% LTV without including closing costs you can purchase a $500k property.