If your long term goals include investing, this is a great opportunity to start, with a property you already own.

In this case, I exclusively got response in Facebook marketplace, as I expected.The moment I posted the ad at midnight, I immediately got a response in next 5 minutes.

Through trial & error I have learned how to support this specific rental strategy but it can take a bit more attention for those who self-manage.

I'm hoping others can share what kind of investments are best suited for a self directed IRA as there are many more things to consider such as UBIT.

Do a 1 year lease and let them know you are willing to keep them long term if things continue as they have been.I did a 2 year lease with one set of tenants and it includes annual rent increases.

This could include offering special discounts to guests at nearby restaurants (easy to execute with a QR Code), collaborating with a spa for guest packages, or sponsoring events that cater to your target demographic.Finally, don't underestimate the power of local art for retaining guests. 

So get your 401k and HSA and other self directed accounts ready.

Given we are accountants we cannot self promote as its against BP rules. 

Consider working with contractors or renovation specialists to obtain accurate cost estimates and assess the feasibility of your renovation plans within your budget constraints.Risk Mitigation: Keep in mind that renovations come with risks, including cost overruns, project delays, and unforeseen complications.

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