Most property management apps are built for LTR or STR.

Yes, I use the free built in Vrbo dynamic pricing and really like it. 

When an owner replaces or retires certain items (e.g., lighting, HVAC, or carpeting), they can claim a deduction for the remaining undepreciated value of those items.

A savings to put deposits and another account for everything elseyou don't need separate bank accounts as accounting software will classify all of those items.

Garbage disposals are my most often replaced items. 

Our pro forma for the self storage property we built was rock solid until we opened the business and a year later I was facing losing everything because of all sorts of factors beyond my control.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

There’s a big difference between an area that attracts stable tenants and one where you’ll be chasing rent every month.Personally, I’ve built a 12-door portfolio here, and it’s been a mix of cash flow and appreciation.

Do my guests really need a (insert item for the home here)?

Patience Pays, But so Does Smart PositioningIt’s s true that appreciation-focused strategies require patience, but in international markets with built-in tenant demand (e.g., near military bases or expat hubs), appreciation and cash flow aren’t mutually exclusive.