I’m most interested in building a portfolio of single-family rentals I can hold for the long run.Current Situation:My wife and I are in our mid-30s, both W2 employees with a combined income around $150K.

Thank you so much for these beautiful advices Do you recommend me some more book ?

But it is the reason why some hosts thrive long term while others lose money, shut down, or are forced to pivot under pressure.Let’s talk about what actually decides whether your short term rental succeeds.Why Market Selection Matters More Than Interior DesignYou can have the most beautifully designed property with every amenity guests love, but if the city suddenly restricts short-term rentals, the neighborhood pushes back, tourism demand is unstable, or licensing and tax costs eat into your margins, décor and pricing strategies won’t save the investment.

My wife and I are hoping to secure a property by the end of the year but would love to have a good team already in place. 

If I had to ballpark it I would say 20-30% higher than non themed comps that beautiful, just not themed. 

Under the recently passed "One Big Beautiful Bill," 100% bonus depreciation was reinstated for qualified property acquired and placed in service after January 19, 2025.

My wife and I have enjoyed over 30 MTR stays in the past 48 months, most of them for 1-3 months.I agree completely with both your "Worth the investment" and your "Not worth splurging on" lists, with the possible exception of "Premium cookware!"

Leverage from existing rental can be a beautiful thing but pulling from the correct bucket is crucial.

I use QuickBooks Online for my wife's business, our clients, and will use it for my real estate when I get to needing a better software.

Beautiful Countrry...Goodnight,  I grew up on the Northern Beaches.Queenscliff and Manly God's country mate hehe