Here are my options as I see them.1) Build up a separate capex reserve fundI have about 13k in savings and 25k in Roth IRA funds which I can withdraw tax free as a backup, but maybe I should build up a separate capex account since I don't have a designated one.2) Purchase another 2-4 familyI could use my 25k Roth funds as down payment on a 5th property that cash flows around $500/month and look to do a BRRRR.

No where did I suggest I was going to let her live there for free 🤡’s 

Each one you own gives you some quantity of positive cash flow, plus tax write offs, plus mortgage pay-down / equity gain.  

Or any other tax strategy?

Below you can find a quick FAQ sheet of the updates they have implemented and will be implementing soon.Quick Overview: - The cost of application fees has increased- Platforms will remove listings without legitimate permit numbers- Platforms will have to remit the Hotel taxes directly to the city of San Antonio (Operators still have to file revenue reports monthly)- STR operators can change the operator of the permit without a new application being required (it seems the permits are still non-transferable upon sale, however)- Updated Party Prevention measuresMy Take:This should weed out some hosts that have not been abiding by the permit requirements.

Putting this on your taxes will help you in the long run.5.

It could make sense to bring in an investment partner.Another option, since it sounds like it's a handful of smaller properties, is to get a group of people together and divide and conquer the units rather than having one master portfolio with LPs and GPs.Feel free to DM me if you want to discuss strategy; I'm happy to help.

I recommend working an accountant who specializes in real estate taxation and tax planning.

Or will the appraisal just not consider that additional bathroom and bedrooms and based his appraisal with the tax records. 

There's too many free resources out there to find a lender, like BP and Scotsman Guide.