Also, you need to do a price improvement.

The operators are focused on improving cash flow and positioning for future refinancing opportunities.

I'm trying to figure out which core improvements move the needle the most for the WNY buyer/appraiser.

I’m trying to learn what matters most to investors so I can improve my own research process.

Quote from @Hilary Sackor: Hey, I am currently struggling with searching for good areas in the city that would make for a great place to invest, with hopes that the area will continue to improve and become more renter-friendly.

Meeting material participation rules is also huge, dont miss out on QIP tax savings for STRs, and a good CPA can guide you through all of that.Planning improvements or new furnishings strategically can impact which tax year you claim deductions in and help you reinvest more effectively.On another note, Tennessee is a great state for STR investing.

- Are terms improving or tightening this year compared to past years?

DSCR rates have really improved over the past few months. 

Translation: softer labor data may give buyers improved affordability as mortgage rates ease.🏡 Existing Home Sales Edge LowerExisting home sales slipped 0.2% in August to a 4M annual pace.

Things like depreciation on rental units (especially now that 100% bonus depreciation is back), deductions for improvements, and how you structure financing can all impact cash flow and long-term returns.