First, I am planning to refinance the portfolio when the rates go down (whenever and if that occurs), so I'll probably not be realizing much of the principal reduction value as opposed to if I kept the loan for the full term.

With Rates 11%+ and a project rehab time 6-8 months. 

This is due to higher interest rates and it is happening in most parts of the country.

If you are paying a premium you better make sure the tenant is really strong (typically Standard and Poor's) BBB- Investment grade rating or better.

Typical 6-7% cap rate on a duplex isn't enough to cover that which you listed. 

Right now , rates are higher than they have been in a while . prices are up on Real Estate around the country .

I would assume that occupancy rates and price per nights are going to drop drastically due to the new competition. 

.- Understand passive activity loss rules limiting deduction of losses from passive activities.Capital Gains Taxes- Be aware of tax implications when selling property, considering short-term and long-term rates.- Explore strategies like 1031 exchanges to defer capital gains taxes.Deductions and Expenses- Know eligible deductions: mortgage interest, property taxes, insurance, maintenance, and management fees.- Maintain detailed records of all real estate-related expenses.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

We would enjoy keeping vacancy rates as low as possible, providing great tenant support, and even some simple maintenance and up keep on short or long term rentals.

Law enforcement will be present and I will be paying the hourly rate for them to stick around for a bit.