That said, STR's can still cashflow in 2025 and beyond but you will need to choose a market that is not totally saturated and do your analysis carefully. 

Finally, be aware that you may face depreciation recapture when selling the property, which can impact your overall tax outcome.If you choose to proceed, we can assist you with the cost segregation process.

Choose any other organization!

I can choose to spend that money in hand or reinvest it.  

Whichever you choose, define pickup day, container location, contamination rules, and fines for overflow.

While you save, lower the target by choosing house hack or small multi with owner‑occupant financing, or line up partners/private money for part of the stack.

My move: price the top three projects, rank by rent/Appraisal impact, then compare HELOC vs refi vs card using total cost and timeline; choose the cheapest capital that gets those upgrades done inside six months.

At this point, you’re basically investing remotely either way, so you might as well choose a market where numbers are stronger and property management is already built out.Some out-of-state markets that are beginner-friendly with solid rent-to-price ratios:Akron & Canton, OH – Affordable entry points, consistent rental demand, strong cash flow.Columbus, GA – Stable military/manufacturing economy, good PM availability, lots of rent-ready inventory.Huntsville, AL – Job growth + appreciation play, still landlord-friendly.Birmingham, AL – Cash flow focus with reliable PM options for out-of-state owners.Since you already have access to the $60K HELOC, consider using it strictly for down payments rather than renovations.

If you've traveled and stayed in a Motel 6, Budget Inn, or the Marriott, you have a pretty good idea of the differences in quality and amenities and can choose accordingly.

Start by choosing a county and one signal with intent (new code violations, pre‑foreclosure filings, utility shutoff lists, tax delinquencies).