.- My guess is they have enough funding sources and track record to be competitive in the marketplace, but ultimately supply and demand will dictate what they can offer

I will supply the air filters, can I put clause in to make sure the air filter is chaged once a month?

You could legitimately hire family members for property management or maintenance, purchase furniture, make renovations to take advantage of bonus depreciation, or even explore whether your wife could qualify for real estate professional status, which could allow you to deduct losses against ordinary income.With this many rentals, working with a CPA who specializes in real estate is really important and they can help you explore these strategies, maximize deductions, and structure your holdings in a way that supports growth while minimizing taxes.

And totally understand your frustration, that’s a common feeling in year one of running an STR, especially in high-cost areas like San Diego.From a tax perspective, the good news is that all those setup and operating expenses are deductible, including furnishings, supplies, platform fees, cleaning, repairs, and even a portion of utilities if you’re covering them.

It covers expenses like supplies and small things and then it gets reimbursed back from the net payout to the owners so each month there’s a net payout summary with a check for the owner, which includes all the bookings in minus the fees, taxes, and Amazon Along with the commission I am currently just using Excel to do bookkeeping, knowing the entire time that once it grows, we’re gonna have to grow with it in terms of technology.

.--- Also see if city water dept can supply daily useage reports.

A few questions about the expenses:Cleaning & Maint: 3.1%Legal and Common Area: 1%Repairs: 2.8%Supplies: 1.0%Utilities: 16.6%Capex (appliances): 0.8%These expenses are very favorable, but also quite low for a 10-unit coastal STR.

@Matheus SouzaInvesting in out-of-state markets like Cleveland and Columbus can offer accessible entry points for first-time investors seeking multifamily properties with your budget constraints.Insights on Cleveland: The multifamily market in Cleveland is showing signs of stabilization in 2025, with rebounding demand following a period of supply adjustments.

I live nearby, and my crew will actually be renting a few of the units since we travel for Tractor Supply buildouts and similar projects, so overall maintenance should stay pretty low.The roof is new and already has solar, which helps a lot, and each unit has its own PTAC system for heating and cooling.I’ll keep you posted on how it goes.

Material prices have continued to rise, particularly mechanical/plumbing supplies, but it's been gradual and no changes within reasonable rehab life cycles that are truly profitability altering.