Guests staying more than 30 days are likely going to cook at least some of their meals, and nothing ruins a stay faster than opening up the cupboard to discover worn, dingy, and damaged cookware.Best practice: Buy a new, inexpensive yet COMPLETE set of cookware, containing at least a frying pan, a covered skillet and two sauce pans.

@Thomas Mulroy I'm going to make a few inferences but your statement of locating 60 investment opportunities a month leads me to believe you're focused on real estate located in low barrier inexpensive neighborhoods.

I looked at York 20 years ago, beautiful old properties were so inexpensive and with what felt like great potential but too far in the future for my  needs at the time.

Are there any free/inexpensive ones out there so I don't have to pay for a $2,000 course?

I understand that when I do 1031 exchange, as long as I dont get any boot, I get to defer my taxes.Like I mention in my reply to Will above, Turbotax somehow ignored my 24k in expenses.

Hey folks - My wife and I are interested in expanding our investment in our home town. We've run a two-unit short term rental here in Portland for 5 years with success (2025 will be our best year yet), and are interes...

That's how I started as well as most of my clients and it's especially the way to go in expensive markets. 

Michael,I am really having a hard time finding a site that provides updated and relatively inexpensive 30 60 90 day late lists.Any chance you can point me in the right direction?

I buy  inexpensive cups, silverware etc that is easily damaged or can grow legs.Sheets and towels are good but not terribly expensive to replace.Haven't had much issues with damage. 

I still listed them in expenses below for clarity, but if you’re running your own numbers, don’t double-count them.Operating Expenses (Professionally Managed)Property Management: 10% ($297/month)Maintenance Reserve: 5% ($148/month)Vacancy Allowance: 5% ($148/month)Taxes & Insurance: $559/month (already included in mortgage payment)Total Monthly Operating Costs (excluding double count): About $593If you include them anyway, total would be about $1,152, but again — taxes and insurance are already baked into the payment.Cash Flow SummaryGross Income: $2,965 (current) / $3,300 (market)Operating Expenses (excluding taxes/insurance): $593/monthDebt Service (mortgage + carry): $2,271/monthNet Cash Flow: +$101/month now, +$436/month at market rentsCash-on-Cash Return: 1.9% now, around 8% at market rentsWhy I Still Bought Over MarketEven though I paid about $25K over value, the creative financing saves roughly $10K per year in interest versus a new conventional loan.