Four properties provide diversification, greater potential for appreciation, higher aggregate depreciation deductions, and increased cash flow over time but involve more management complexity and higher leverage risk.

Having been in Austin for nearly five years, I've seen a significant increase in incentives for developers to build multifamily properties.

From your options, #1 is a big sink of cash and I can't tell how much that increases you rent. #2 is a no due to cash flow negative. #3 is the way to go.

By accepting pets, it not only has it increased my cash flow per stay, but it has opened up my place for more bookings. 

With inventory slightly decreasing in November, do you anticipate increased competition heading into the new year, or are higher mortgage rates keeping activity balanced?

The median price in the greater Austin MSA increased 2.4% to $435,000 over the same period.

My basic assumption is I would be trading a certain level of cash flow for increased appreciation over a period of 10 years.

Louis Fed shows the delinquency rate on residential single-family mortgages, and proves there's a way to spin this data to show that delinquencies are increasing rapidly.

Are you planning to hold as-is and focus on cash flow, or do you have a strategy for infill, increasing rents, or improving park infrastructure to boost value?

The goal is to cash flow so I will rehab the property and increase the rent.