We gutted the interior down to the cinder blocks, re-designed the unit layout to fit a more modern lifestyle.

Any amount over your adjusted basis in the property (initial cost minus depreciation) could be subject to capital gains tax unless you reinvest it strategically.2. 1033 Exchange (Involuntary Conversion): A 1033 exchange (involuntary conversion) is specifically designed for situations like fire, natural disasters, or eminent domain.

It's user friendly, with a modern design.

From there, there still may be operational issues such as the  property being too seasonal and having a bad weather season or the market simply losing popularity.

I do not want to use a will or trust to designate inheritance after my death. 

Quote from @Mo Karim: With every increasing regulations on short term rentals, midterm rentals is becoming more popular with investors. 

A small amount of movement in the rail of a screw-drive garage door opener can be normal, as it’s designed with some flexibility to handle the door's movement.

@Joshua Thompson already linked the long post that I wrote to answer your question:https://www.biggerpockets.com/forums/51/topics/1215989-expla...Based on your subsequent comments, you missed the point of my post: it DOES NOT matter whether your accountant holds a CPA or an EA designation (or neither of those two).

After all PITI, utility, and services (lawncare and cleaning) costs I have $7,225.I set aside 25% of this for my maintenance fund.The remainder funds my lifestyle, wife has a Tesla, and quarterly vacations as well as business growth.In 2023 I am tracking to build 4 duplex units designed as room rentals funded in part from a recent land sale.

It is more of an accounting platform designed for real estate than a management platform.For my STR company I use hospitable and clearing.co for my management and accounting platforms.