As you learn, keep an eye on which strategies align best with your goals and criteria.Feel free to reach out if you have any questions — happy to help!

It's like choosing a Netflix show to binge-watch—you want a term that aligns perfectly with your investment goals and cash flow projections.

The good ones will bend over backwards to make sure their relationship with you and the property is always in good condition.An LTR frankly doesn't care about your property or whether it's an investment for you or how much you're actually cashflowing on it.The STR operator is ultimately Aligned with you and your property.Sorry, but you need to take off those rose-colored glasses.

Remember, cash flow is only one component of what makes a property profitable.

Properly run, you are covered by your dues for major components such as roofs, balconies, pavement and parking, etc. and don't have to deal with landscaping and other items that you do with SFRs.Recently, attitudes toward condos have been increasingly negative because of increasing operating costs, insurance issues, and reserves that were underfunded during boom times. 

I genuinely enjoy these relationships and value being accessible, but when I step back and calculate the actual time investment, the compensation no longer aligns with the level of involvement.During annual forecasting, my CPA suggested either formalizing this access via a retainer or tightening availability boundaries.

For example, if you are looking at two homes at the same price point and one is a newer build with more depreciable components and a smaller land allocation, that could mean tens of thousands more in bonus depreciation.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

If aligned, I’d be interested in moving forward on deals in this market.Best,Juan Carlos

My spreadsheet entries align with the tax form and it splits everything up between our 8 properties.