It’s like cycling through diets: hope, effort, disappointment, fatigue.I’ve been a data engineer for nearly three decades.

That brings your living expenses to $2000/mo, which essentially is the same amount you’d pay renting.  

Or if you cash out refinance your condo, you are essentially moving that debt to a 30 year fixed option which I think is your best move.

So essentially this is a low-risk learning opportunity for me. 

Quote from @Christian Welch: This is something I always stress and make very clear:STR investing is not just buying a property and listing it on a platform for rent.A short-term rental is essentially a hospitality asset.It’s not a hotel or a motel, but it absolutely falls under the same scope — operating a business that provides both a service and an experience to the client.Like most hospitality assets, the majority of your costs come from:• Turnover and cleaning/ Preparing the unit for the next guests                                                                                                                                           • Restocking paper towels, toilet paper, soaps, towels, linens/ Stocking up all these supplies upfront• Ongoing wear on mechanical systems — HVAC, plumbing, appliances, water heaters, etc.This is why many STR owners choose to hire specialized STR property managers — firms that already have the systems, staff, and client base to book properties months in advance.

Once you factor in vacancy (call it 5-8%), maintenance (another 5-8%), and cap-ex for even a newer build (2-3% for things like HVAC and roof down the line), you're essentially at break-even or slightly negative month to month.The upside though is that $60k is buying you a locked-in rate that's 3-4 points below current market.

Essentially self management is impossible for them and need a PM. 

Correct me if I'm wrong, but with the cost-segregation, I could essentially pay no taxes for our rental income for quite a few years.Example numbers:$2m property purchase$800k bonus depreciation$125k rental income annuallyNo taxes paid on rental income for the next 6.4 years or so. 

These subtle signals can provide valuable information that may not be evident from the numbers alone.As I've experienced, you’re like a detective, gathering data that's not exposed by the numbers.Documenting the property tour with photos and videos is essential for detailed analysis.

My goal was to have the property look essentially new when it went on the market for sale.