With a property manager, you often lose access to the short-term rental tax loophole, which is one of the major perks of STRs.

From a tax perspective, pulling the $30k directly from your 401(k) would trigger income tax and a 10% penalty if you’re under 59½, so you’d lose quite a bit upfront.A 401(k) loan avoids taxes and penalties as long as you repay it, but yes, it can affect cash flow.

If you do the rental you lose the $500,000 avoidance at the end of 5 years unless you’re military.

Most are conversions of long time assets with little emphasis or regard for aesthetics.

.👉 Bottom line: The job market’s losing some momentum.

Selling the property just to comply with a city that, ironically, provides no sewer, no asphalt, no public lighting, overgrown weeds, and deteriorated access roads in that same area would effectively mean shutting down their business and losing their livelihood.That’s a power inequity where the government can obliterate a small business over paperwork.

Hi Evan,Buying in a market you know well is usually a good idea but buying a property you can afford to keep is likely a little more important : ) My strategy has always been to buy in the best neighborhood I could afford without as much emphasis on the property itself.

The owner still loses the house.

We know selling would lose us money since we've only owned it for 2 years so we are trying to hang on, but when we are losing money every month due to the PMCs and their outrageous charges, it is making it hard.

I’ve also heard good things about Rentec Direct and Baselane for a more streamlined setup, especially if you’re looking to keep it simple without losing core features.At the end of the day, the best platform is the one that fits how hands-on or hands-off you want to be.