However the big crash was nation wide, but I think a once in a lifetime occurance.

The interest is deducted dollar for dollar in the year it occurs.

@Tony Castronovo You might have some legal recourse if you can prove breach of contract - especially if it occurred over the long term.

Quasi judicial is mostly non judicial but a ratified sale occurs with the courts.

Therefore, the offering rental price is more reliable than a list price.Of course prices are always variable and a person should look to the mode (most commonly occurring number in a data set) to determine what is most probable.And as I am happy to see others already doing, it is smart to compare apples to apples and oranges to oranges.The point is, rental data obtained from the places where landlords post their offerings is more reliable than a list price.

We definitely stumbled into the STRs by accident, but it's enabled us to completely change our lifestyle, allow us both to quit our full time jobs, and given us the cash flow to by other long term investments.

I add 17% reserves to my numbers in the event of unforeseen challenges occur.

I don't like that structure, as it incentivizes the PM to turn over tenants more frequently, and turnover leads to leasing, vacancy & repair costs.costs .First of all thanks for your advice , I like your way of thinking.secondly, I wasn'ttrying to be hostile at all to @Steve Hall, I'm so situ if it came through wrong, I was just trying to explain to him in a humorous way, a problem that occurs by a lot of people without much experience,  they read and read, but the don't realize that it takes actual Experience, to understand what you're reading...

I often break it down into the "five pillars" of protecting your assets.1st pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments - these simple steps will help you prevent lawsuits before they even occur.2nd pillar is a good insurance policy as that cover the majority of your exposure.

It just never occurred to me.