They said that they have access to external direct booking website and they charge higher commission rates if guests book direct vs VRBO platform. 

You can deduct the cost of labor and parts to maintain or repair your business assets, as long as the expense doesn’t prolong the useful life of the asset or increase the value of the asset.Tangible Property Repair Expenses That Are Deductible:Replacement of LightingRoof repairsResurfaced external or interior floorsResurfaced parking lotsInterior or exterior paintingReplacement of doors and windowsRekey locks

I have kept a ton of fish and the external pumps can leak.

Component Breakdown: The study identifies and separates various parts of your property (e.g., appliances, fixtures, landscaping) into shorter depreciation categories (5, 7, or 15 years) rather than the standard 27.5 or 39 years for real estate.2.

Flexibility and patience are essential when external factors, like nearby construction, affect demand.

Specifically for the rent-to-own model do you know which components go into determining "strength of the deal"?

Assets identified in this study include:Building Systems: plumbing, HVAC and electrical distributionInterior Construction: flooring, drywall partitions and ceilingsStructural Components: doors, roofing, windows and wallsPermanent Fixtures: emergency lighting, restroom fixtures and signageThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

This strategy identifies components of the property that can be depreciated over shorter timeframes (e.g., 5, 7, or 15 years instead of the standard 27.5 or 39 years).

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

It would involve putting an external staircase on the side of the house and making the second bathroom into a full bath.