Luckily, home prices typically reflect this as well. 

That way, you will likely already have hit your 100 hours of material participation, but your cleaners, for example, would not have exceeded you since you would have only had a few bookings before the end of the year.Also, another good one, is that material participation does not count until you are in contract on a property.  

Example: "10 day notice to vacate indiana" Viola: https://www.google.com/search?

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Hey  @Theo SengI would just make sure you guys have things clearly mapped out before getting going for real. for example, who gets to call the shots when one person wants to sell and the other doesn't?

This is typically the excess of deductible expenses over taxable income.Report the NOL on Your Tax Return: On your 2023 tax return, you will need to report the NOL on Schedule 1 (Form 1040), Line 22, "Other income."

Specifically, I'm interested in understanding the discount buyers are typically looking for.

Storage occupancy rates during past recessions has remained relatively stableFor example, during a recession, when folks downsize from a 3 bed/1 bath to a 2 bed/1 bath, those people, historically, keep their belongings and put them in storage.

Like a car payment😎@Steve Vaughan unless I misunderstanding using a typical  "balance, rate and payment" calculator doesn't factor amortization. 

Example: If there are too many STRs and you can't get the occupancy high enough then you could switch into MTR.