When you look at the numbers instead of going off relationships, you quickly see who’s actually protecting your margins and who isn’t.So has tech doubled our NOI?

You can still acquire a three-bedroom property here for under $200,000.That combination — double-digit appreciation and sub-$200K entry — is increasingly rare in any market.

.- Bathroom remodel.But most hosts miss this:Those interior improvements may qualify as QIP (Qualified Improvement Property), which means 15-year property, not 39-year… and potentially bonus eligible.If you’re depreciating interior renovations over 39 years, you may be dramatically underutilizing your deductions.Key rules most STR owners overlook: • Must be interior improvements (not structural, not expanding the building) • Must be placed in service after the building was originally placed in service • Applies to non-residential property, which many STRs can qualify as, depending on factsCombine QIP with cost segregation, and you’re not just accelerating appliances and furniture that you’re accelerating interior buildout, too.Cash flow isn’t just a nightly rate.It’s tax-efficient.If you’ve renovated a short-term rental in the last few years, it’s worth double-checking how those dollars were categorized.

As someone involved in the private lending space, I would recommend adding a few additional items that many new investors don’t realize can affect the deal.A few things I would consider adding:Deal & Property GuidelinesMinimum and Maximum ARVProperty types allowed (SFR, Duplex, 4-plex, Condos, Rural properties)Minimum square footage or property condition requirementsAge of property limitationsDeal StructureMaximum LTV of ARVMinimum borrower skin in the gameWhether the lender allows wholesale or assignment closingsWhether double closes are allowedBorrower ProtectionPersonal guarantee requiredEntity requirements (LLC required or individual OK)Insurance requirements (Builder’s Risk / Hazard)Whether lender requires borrower to use their title companyConstruction ControlsMaximum rehab budget allowedWhether lender funds 100% of rehabWhether the first draw can be funded at closingChange order policies during rehabExit Strategy RequirementsMinimum ARV profit margin requiredWhether the lender allows refinance exit or only saleExperience requirements for larger dealsImportant Question Many Investors ForgetWhat causes a loan denial after approval?

Appreciate you adding this, Daryl — really solid game.The parts about carrying costs, permits, and cost of capital were big reminders for me, and I’m making sure I factor those in up front now.The street-view/neighborhood tip is huge too — I’m definitely going to be paying more attention to that when I’m analyzing deals.If you’re open to it, I’d love to learn more about how you size rehab or double-check ARV when you’re running numbers.

If the property has been held a long time before it was sold to you, property taxes can double or triple on a property. 

If you haven’t encountered this, you may want to double check tenants if you’re using Buildium because I cannot imagine this is an “us” problem.

It seems that how you get there matters less to them than that the output is right - but I'd love to hear what the accountants here have to say about this.For someone with a rental, flips, and an LLC, I'd say the key decision is whether you need full double-entry accounting (in which case QuickBooks is probably worth the pain of setup) or whether you mainly need to get away from spreadsheets and simply pass along your quarterly/annual numbers in an organized manner for your CPA.Happy to share more about what's worked for managing books across multiple entity types if it's helpful.

Started doing 7 follow-ups on every lead and conversion doubled without spending more on marketing.

If you are comfortable hitting a double, and if your sponsor is quite conservative and competent, you could pick up an asset for a good cap rate and for under replacement value and ride it to a profit in five years.