Predictable debt is now more valuable than cheap debt, and conservative leverage is a must.

But now that has changed: https://www.airbnb.com/help/article/3930?

The property is getting valuable and rental rates are going up in the Houston area so it is creating value over time.Good luck!

My time and skills are very valuable, why would I not expect to be extremely well compensated?  

But the reason a CPA is actually valuable on this return has nothing to do with the water heater.

Very valuable and informative information.

For me that new skill is home inspection.....being able to tour a property and visually spot the defects and deficiencies is valuable when formulating the price to offer when buying.

As a father with a 2 y/o son and 1 on the way our time is extreme valuable. 2.

Networking with local agents, property managers, and contractors there will be key since self-management from afar can be tricky.It’s also awesome that you’re offering your expertise in public markets—definitely a valuable perspective for investors here.

@Wai Chan Great question and the others nailed the answer on the 100% bonus depreciation rules — both acquisition AND in-service dates need to be after 1/19/25, so the 2013 purchase unfortunately disqualifies you from the full bonus.But don't overlook the alternative: even without 100% bonus depreciation, a cost segregation study on a property you're converting to STR can still be extremely valuable.