If you are working with an investor-friendly CPA, I would ask what you need to document to make it easy to write off the expenses.

I know it is a capital improvement and needs to be depreciated - which makes me think to claim it in 2023 when the work was done, but since we didn't pay it until 2024 - that seems wrong. 

As you know, in 2023, the new laws require hosts to have a license to do STR.

I have never purchased through one so I am looking for any ideas, suggestions, tips, etc.

Hi all,First time in the short term rental market and learning the ropes. 

Any other tips, recommendations, etc are most welcome.

You need to be on the ground and get a feel for the block and neighborhood.

I've heard about how helpful the forums are and wanted to try posting my situation on here for some tips and guidance.I'm just starting my investing journey and my friend informed me of a house in my area that is about to go to Foreclosure. 

The one concern would be the class of neighborhood and financing limitations (much less options for financing)

If you have any questions or concerns about the Detroit market please feel free to chat with me.