The additional income from STR could justify the renovation costs, but it requires active management and market awareness.LTR or Break-Even Strategy: Renting long-term might simplify things, but if it only breaks even, you’re right to consider if appreciation is enough motivation to hold.DIY Basement: DIYing the basement could increase STR appeal without the full $50K outlay, especially if extra space attracts more bookings.

I've had over 100 broken windows in the last decade and only had 4 of those admit to breaking it on their own.

@Ori SklootGreat post Ori, thank for breaking this down.

Also from what I've read online breaking into the insurance side of things sounds like it requires cold calling and building relationships with those reps vs just registering property in database and waiting.

There is a way to leverage losses from a rental property that you are actively participating in managing + you need to meet a few more criteria too lengthy to break down here in the forum post - to be clear, this isn't what you described (e.g. 

To set the scene: A cost seg study breaks your property into two important categories:1250 "real" property aka the building, foundation and other long life assets.

Try adjusting your expectations to focus on quality over quantity; one good cash-flowing deal beats multiple break-even ones.

Sometimes it can make or break a deal.

Hi Everyone,Hoping someone can break down in simple terms how Seller Financing and Subject to works. 

I was using an insurance broker that helped break it down for me based on if I was planning to replace anything right away or wait.