Quote from @Marc Shin: I'm thinking about putting some snacks (oreas, pringles, popcorn, trailmix, granola bars etc) and drinks (coke, sprite) in my 1 bed 1 bath to improve the guest experience.  

If you haven't done sales or cold calling before then you will need to learn how to improve your close rate by learning what to say and how to say it.

.- Plan upcoming repairs or improvements before they become emergencies.- Look at their tax position and make small moves early — instead of big ones in a panic later.It doesn’t take long.

Implementing mitigation measures like defensible space, fire-resistant landscaping, or sprinklers can improve insurability.

Quote from @Frank Borzen: Quote from @Jules Aton: Wow“Improved compliance capabilities to help local governments enforce their short-term rental laws.

Two main buckets: the building itself and capital improvements.

It would be illegal to start your depreciation over from year zero.Your depreciation schedule is calculated from:The original purchase price Plus capital improvements Minus land value (which isn’t depreciable)That schedule doesn’t change unless your basis changes.Yes, your amortization schedules should change, but I don't see how a refi itself affects your basis.

Renovations, such as upgrading common areas, adding amenities, and improving unit interiors, can be costly, so it's crucial to determine the expenses before acquiring the property.Seeking the help of a construction professional is recommended to create a comprehensive budget that includes hard costs (materials, labor), soft costs (architectural and engineering fees), and contingencies for unexpected expenses.

Everyone talks about the BRRRR method like it’s a formula — Buy, Rehab, Rent, Refinance, Repeat.But after working with a lot of investors, I’ve noticed one thing that often gets overlooked:The “tax” side of BRRRR.Most people focus on the deal numbers — the purchase price, the ARV, the refinance rate — but forget that how you structure and record those costs can make a huge difference down the line.For example:Tracking your rehab costs separately helps you depreciate correctly later.Timing your refinance can change when interest expenses become deductible.And keeping good records on improvements vs. repairs can save you thousands when you sell or do a cash-out refi.The BRRRR method is powerful because it lets you build equity fast — but if your books aren’t clean, you’ll end up leaving money on the table when tax season comes around.The investors who scale fastest aren’t just great at finding deals — they’re great at documenting them.Curious — how do you track your rehab and refinance expenses during a BRRRR project?

If you made improvements after buying but before putting it in service, those might still qualify for 100% bonus depreciation under the new rules.