If you’ve got good boots-on-the-ground support, taking charge of branding, guest messaging, and social can absolutely move the needle on cash flow.That said, I’ll echo what a few others have mentioned, if breakeven (or better) is the goal right now, you might want to take a look at the Florida Panhandle.

I wanted it to be an all-encompassing look at STR market selection, because this topic often doesn’t get enough attention, yet it’s absolutely crucial for long-term success.Unfortunately all the AI responses were wearing on me also and I recently questioned what I later realized was a thoughtful and knowledgeable overview of Hilton Head by @Ron Williams.

But the wrong one can absolutely ruin you.

Listen carefully, and be prepared to respond with your expertise on how you can resolve the issue.Make absolutely sure you know and understand your state L/T laws. 

Hi @Lane BakerLane, good move digging into thisYou can absolutely do a cost seg on properties you bought in 2020 and 2021 — it doesn’t have to be done in the year you placed them in service.

talk someone into selling sub to by paying over retail putting next to nothing down.. then renting the home and ripping the rents never paying on the mortgage so in states like NY NJ PA were foreclosures take years they make all that cash flow while the seller suffers and loses their credit etc.Selling sub to is absolutly the WORSE move a seller can make if its just a straight sub to.

The time log is absolutely crucial for yourself (and if you have a spouse, you can include their time too).

@Alyxus Nerio Absolutely!

When the math works, this can absolutely generate strong cash flow with lower upfront investment than traditional rentals!!

@Wayne Wollesen If you’re looking to get a true engineering-based cost segregation study, you’re absolutely on the right track.