I have been looking at high single for SFR BTR. 

Most of the houses we are finding on the MLS are priced too high for the numbers to work on a fix/flip. 

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.

Purchased in February 2023, rehabbed until June, listed the Airbnb in June for the high season, rehabbed the basement in October and refinanced in December.

The ironic thing is that in some resort/highly desirable locations where the cost of housing is high, when STRs are banned, the houses in question typically get bought by people as a second/third/fourth vacation home and then let it sit vacant. 

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

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

Too high of a cost and no workflow management, horrible leadership and customer service, too.