He works for himself but idea our go to fix a flip mortgage broker @Joseph Chiofalo..check in with him for financing options which might help with budget and strategy.

I’m going to try to stay high level, but I will also share a lot of details so that you know the full picture.Two years ago, I decided to shift my strategy from cash flow to appreciation.

However, there is a tax deferral strategy that could accelerate your depreciation, keeping more money in your pocket today, known as cost segregation.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

Here are some considerations for commercial real estate:Higher Income Potential: Commercial properties often generate higher rental income compared to residential properties, especially in prime locations.Longer Leases: Commercial leases tend to be longer (5-10 years or more), providing more stable cash flow and less frequent turnover.Tenant Diversity: Depending on the property type, you can diversify your tenant base, spreading risk across multiple businesses or corporations.Market Dynamics: Commercial real estate can be more sensitive to economic cycles and local market conditions, requiring a deeper understanding of business trends and tenant industries.Purchasing: Generally, commercial real estate will require 20% down.Choosing Between the Two:When deciding between commercial and residential real estate, consider these factors:Investment Goals: Are you looking for steady rental income, long-term appreciation, or both?

More people are off, but will they be busy and the listing get lost in the sauce of festivities?

Should I consider lowering the rent price further, renting to these concerning candidates, or pivoting to a short-term or mid-term rental strategy (considering I live out of state)?

Thats how you run a business . 

Good umbrella policy is a  good asset protection strategy

You may want to check the laws on STRs in North Las Vegas:  https://www.cityofnorthlasvegas.com/business/short-term-rent...Where are you getting the "numbers" that show it's a good investment? 

Have you thought about the BRRRR strategy at all?