That would include items being expensed under the De Minimis Safe Harbor. 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Send me a DM with your email and I’ll introduce you to them. 

@Engelo Rumora is just a call, email, or text message away so that part of your post is simply false and makes me question the motive of your post.

I've also filed my personal 2023 tax returns and have those available with the STR income included.

One day you may get a check in the mail for the full amount.

For every project, create a thorough budget that includes the costs of purchases, renovations, carrying, and sales.

The reasons are 1- less competition in commercial2- greater property types lead to more opportunities for “value added”3- commercial net income projections include expense for property management, 1-4 unit residential usually do not4- greater “universe” of properties to buy allow higher minimum return standards Of course residential is MUCH easier to successfully deal in, and with reasonable leverage has small downside risk, so I 100% agree that most investors should stick with residential.  

By the time you foreclosed and then pay $30-$40k in closing costs when including a realtor to resell. 

Do you just include all utilities in monthly rent since it’s coming from one breaker and water account?