Combined Budget EstimateRoutine maintenance: $3,000–$4,000/yearCapEx reserves: $1,600–$2,800/yearTotal estimate: $4,600–$6,800 annually, or $383–$567 monthly

For Short-Term Rentals (STRs), you can combine your spouse’s hours to meet the material participation requirementHowever, if you own both STRs and Long-Term Rentals (LTRs), be careful:    Material participation hours cannot be combined across different types of activities.     

Combine funding sources – leverage multiple programs (e.g., combine Restore NY and NYSERDA for a single site).

They’re not the most exciting read, but I’ve caught early signs of zoning changes and policy shifts that could impact operations down the line.Market Tools (Rentometer, AirDNA): I don’t rely on any one tool, but using them in combination helps create a baseline for rent comps, particularly when weighing LTR potential against STR or MTR models.Local Investor Conversations: Whether it’s chats here on BP or catching up with other Phoenix-area investors over coffee, these casual conversations often surface key info—like permitting updates or changes in code enforcement—that’s not always widely published.Refining Internal Processes: I’ve been reviewing and tightening up our PM workflows—everything from tenant communication to maintenance tracking and lease renewals.

@Avery MooreHi Avery,Here’s what we did…We went to a local bank and did a DSCR loan with a cash out component as well that combined five older mortgages that at the time were at higher interest rates than what the DSCR lender was charging.  

Set clear goals: Define your financial objectives and risk tolerance.Build a network: Connect with real estate professionals, lenders, and other investors.Analyze Deals: Evaluate investment properties by considering factors like location, market demand, and cash flow.Without a pile of cash, investor relationships, partnership, lucky deal, or a combination you'll grind it out (step-by-step) or find financial success in another way.

Honestly, your combined skill sets are a huge asset in this space.

Understanding the pre foreclosure via consuming Lis Pendens if combined with employment, credit or other information sources could be interesting 

We've encountered virtually no pushback from applicants, indicating the market here is more receptive to this combined approach.Why Being Pet-Friendly (Strategically) MattersRegardless of the specific fee structure, one thing is clear: pet ownership has become a higher priority for many renters.

Cons: The city is small and safe but several houses look like crap (until you get back to where we live....