Senior housing / senior care / assisted living is hands down the biggest opportunity that combines real estate, business, and impact for the next few decades. 

⸻Final ThoughtsHealthcare and medical real estate combines essential demand, long-term leases, strong tenants, and demographic tailwinds into a single asset class that prioritizes stability and predictable income.

Hi Loren,For tracking property details like upgrades, notes, and other specifics, many investors use a combination of tools.

Yes, spouses' hours can be combined. 

They are functional while frustrating. 

What caused you to need QB rather than using Buildium's accounting functionality? 

That place needed work before it could even function as a rental.

Quote from @Ying Tang: Posting on behalf of my cousin (married couple): Household income: ~$1M/year, combination of W-2 income and stock market gainsWife qualifies as Real Estate Professional (REP)In 2024, they purchased one rental property:Purchase price ~$500k25% down30-year mortgage No other real estate acquisitions that year  Given their income level, what are the most effective strategies to legally reduce tax liability going forward? 

Cosmetic upgrades mostly protect value, they don’t create much of it.Paint, flooring, fixtures, and minor kitchen/bath refreshes help:Shorten days on marketReduce buyer or lender objectionsSupport top-of-range compsBut on their own, they typically don’t produce a meaningful appraisal jump unless they correct functional obsolescence.2.

STRs are more regulated, LTRs are predictable but slow, and MTRs hit the sweet spot:-Steady cash flow without daily turnover-Professional tenants (corporates, nurses, relocations)-Flexibility for scalingThat said, it only works if you:-Know your tenant type-Furnish for function, not style-Price monthly, not nightlyFor those running MTRs: are you seeing the same benefits?