Washington DC (BEPS), performance standards for buildings over 10,000 sq ft.

Negotiated based on property condition, licensing requirements, and projected operating performance.

Negotiated based on property condition, licensing requirements, and projected operating performance.

.– Accept higher stress and thinner margin for error.Now zoom out to your stated goal: best position in 2 to 3 years.In a 2 to 3 year window, liquidity and optionality matter more than raw door count.If you eliminate the LOC:• Your DTI improves.• Your stress drops.• Your risk profile improves for lenders.• You protect yourself if STR performance underwhelms.STR income is not guaranteed.

Only the building does.That matters because in high land-value areas (think: beach towns, prime neighborhoods, “walkable” tourist zones), a big chunk of your purchase price may be land.And if more of your price is land…that means less is depreciable.Which means:smaller depreciation deductionsless impact from cost segregationless bonus depreciation than you expectedI’ve seen investors buy an STR expecting a huge write-off, then realize the land allocation killed most of the tax benefit.Before you buy, make sure you understand how much of the purchase is actually depreciable basis (building + improvements) vs. land.It’s not a deal killer — it’s just something you want to model before you close.For STR owners/investors: do you check the land vs. building allocation before buying, or do you only find out after tax time?

Hi all,I have a performing portfolio of short-term rentals that I'm looking to refinance.

Performing notes still pencil at scale, but sourcing channels have thinned out.

A beachfront condo might gross well, but once you factor $700–$1,200/month HOA plus wind and flood coverage, the deal has to be bought right to cash flow with only 10–20% down.The investors I’m seeing make it work right now are either putting 20–25% down, buying below market, or improving performance through better management/renovation.

I’m currently in the process of purchasing my first rental in the Covington / Newport, KY area and I’m looking to connect with other local investors and owners who are active in that market.My main focus is mid-term and short-term rentals, and I’m especially interested in learning:Which neighborhoods are performing best right nowLocal regulations & licensing tipsProperty management experiencesContractor / cleaner / lender recommendationsAnything you wish you knew before buying in the areaI’m a long-time business owner in the property service space (landscaping & fencing), so I bring a very hands-on, operations-minded approach and I’m looking to build long-term relationships — not just make a quick purchase.If you’re investing on the KY side of the river or in the greater Cincinnati market, I’d love to connect, share notes, and help each other grow.Feel free to comment here or send me a message.Looking forward to being part of the local investor community.

Separating income, expenses, and capital improvements can become messy across different tools.