Quote from @Mike Dymski: If you want to optimize ROE, sell or refinance when the return for an alternative investment is better (all financial impacts included).Exactly.

I’ve seen investors in similar situations build strong foundations by using that time to optimize operations and line up creative financing strategies for when the market shifts. 

I love asset protection planning but make some money first before you go into perfect optimization mode.   

Connecting early with a CPA who understands real estate is a smart move so your first investment is structured for optimal tax advantages.

Optimize operations to save time and costs, and small upgrades like smart locks or quality linens can noticeably boost your income.

When the transition happens back to recovery and expansion it will almost be too late to take advantage of it because of the aforementioned blurring of the lines.Is this a hot take or eternal optimism?

If you are someone who's really hands on and want to do lots of tweaks yourself to optimize comfort and save energy, then smart thermostat might be an upgrade to your vacation rental property.

If you go solar use micro inverter wired in parallel (no clipping) optimizers are cheaper but not as good, string inverters are the worst.

In general throughout Palm Springs, Desert Hot Springs and Joshua Tree the prospect list and negotiations need to be very tight for optimal ROI.

., while I don't use ChatGPT on these forums, I will use it to optimize LinkedIn posts.