I would be very surprised if this was accurately done.That means you are cash-flow positive after depreciation of $1,666 per monthIf the return was filed, you may want to pay another accountant to look over the return to see that it was done correctly.Yes, buying another property, given today's condition of high prices and high interest rates would likely decrease your rental taxable income.

Also, with conversions, even if the municpality does not require MEP drawings, I highly recomend spending the money to have an engineer prepare them.

We were okay with paying a bit extra for something we love, but with the added complications of the undisclosed claim and the high insurance premium due to the property being in a high-risk status, it’s become a concerning situation.

I highly recommend it and their prices for basic accounting ledger is much more reasonable than QB.

With high fees and the grip Airbnb has around your neck my goal for 2024 is to get it down below 25%.

This is why I highly suggest hosts check into the info Justin Ford has, and the educational videos and course he provides.

I want to make sure my property is getting managed well and everything is taken care of such that I minimize vacancy and other tenant issues that would add additional cost and headache, but I haven't ever heard about PM fees being this high.

I would highly recommend Pace Morby as you get the same info for free. 

@Soyoung Bae, I can see that zip code isn't too populated but I think I can pull that data from the system I have in place.

Search property data for properties with high equity & perhaps out of area owners or elderly owners & contact them to introduce yourself as a local hoping to find another rental property.