@Jerry Lakey, you are correct that any leverage = risk due to both less cash flow and possibility of wiping out all equity in the event of any decrease in value.

Use that information to increase your average daily rate and decrease vacancy.  

Quote from @Ko Kashiwagi: Hi Daniel,The margins in flipping homes in LA is definitely slim compared to other markets, unless you find a way to decrease the construction costs.

It's a reminder that in Miami's dynamic market, opportunity awaits those with the vision to seize it.Townhomes & Condos:Closed Sales: While townhomes and condos navigate shifting currents with a 4.8% dip in closed sales, the market remains resilient, offering a diverse array of options to suit every lifestyle and preference.Cash is Still King: Despite the downturn, cash transactions continue to dominate, albeit with a slight decrease of 2.5%.

These are tax deductible contributions which decreases the Tax you pay, and not your adjusted gross income.  

Is there anyone in the BP universe that has added solar panels to a house to decrease utility costs? 

Many expect a rent increase, not decrease.

The more the better as it decreases the risk  that the project will fail due to a lack of funding.

Following this period, if interest rates decrease, I intend to refinance the property, transition it into a rental, and repeat the process by acquiring another property to serve as my primary residence.I'm curious if anyone has attempted a similar strategy and, if so, what pitfalls or challenges they encountered along the way.

The fed is going to keep a tight position as long as they can...until stuff breaks so they can vacuum up the massive amount of excess stimulus and decrease the size of their balance sheet.