Unfortunately, property taxes and HOA fees have also risen, while rental rates for the property have not kept up.

I am currently looking for a CPA to help me with tax planning for the future and tax perpetration for the year. 

So typically no problems with those guest, and those that are not repeat, if something happens I don't like, I put them on the do not rent list and move on.I have been doing this for about 6 years now, and we have had some issues with guests, but the reality is those big problems are few and far between, and the big problems are generally not all that big, but just seem so at the time because you are so ticked off about it.Direct booking does create additional work as now I have to collect and remit taxes, and handle payment processing.  

Get tax benefits and future cashflow.

Here is what I have learned-Microsoft has announced plans to put 6 data centers in East Wenatchee making them the single largest investor and tax payer in Douglas County.

Way more multifamily units (not even counting another 675,000 single family units under construction) than new household formations coming for 2024.Operating expenses, including taxes, insurance, maintenance, etc. are skyrocketing, and likely not all fully absorbed in the average property.And, alternatives that produce more cash flow than a 5% cap rate (average for prime multifamily real estate currently) with less work and less risk, like private lending, short-term treasuries, money market accounts, etc. 

Plus you can find a good 3/2 on 2-3 acres that will only run you $400-$500 a year in annual taxes!

However, if you later undertake a small project that qualifies for a safe harbor and meets the criteria for an immediate deduction, it might be possible to deduct that expense in the year it was incurred.Again, it's crucial to consult with a tax professional who can provide advice based on the specific details of your situation and the tax laws in your jurisdiction.

Also wondering if anyone has feedback as to a good real estate tax advisor in our area?

I will want to continue to continue to defer the taxes but in an UPREIT.