I am actively looking for my next investment and considering a Short-Term Rental (STR) specifically for the potential tax efficiency. 

Deals like this are attractive because they allow investors to stay active, move efficiently, and capitalize on timing rather than construction.How did you find this deal and how did you negotiate it?

those are risky plays unless you have a very clear path to own 5 to 10 in a short amount of time so you get efficiencies of scale.

If your rent is higher and your ability to turn a unit yourself is impaired by distance, lack of time, etc that could be less efficient. 

Quote from @Joe Daniel: Quote from @Dave Harlan: Quote from @Joe Daniel: Hey Dave, lots of investors build their buyers list by tracking activity from local public records especially recent cash purchases, LLC transfers, and repeat buyers in the county.It helps you identify who’s actually buying right now instead of collecting random emails.If you ever want to talk through ways to source or organize that data efficiently, happy to share what I’ve seen work well for others. 

I really like his desire to be as efficient as possible owning as few rentals as necessary.  

Another angle is small efficiency upgrades like smart thermostats, energy-efficient lighting, or landscaping, it’s amazing how much tenants notice and will pay for convenience and aesthetics.

I am a rental property owner and I’m particularly interested in the “numbers” side of real estate: bookkeeping habits, expense categorization, and month-to-month cash flow visibility.I’m here to learn best practices from experienced investors and to join conversations about operating rentals efficiently.

I can't really seem to figure out a process of how to do this safely and efficiently (showings/screenings/background checks) when out of state investing. 

Deals that looked solid a year ago now feel tighter, even though nothing dramatic changed.What I’m seeing smart investors do right now:Re-run numbers on existing propertiesStop relying on “old” expense assumptionsFocus more on efficiency than expansionIn this environment, owning more doors isn’t always the win.Owning cleaner, better-run doors often is.Cash flow didn’t disappear — it just got more honest.Curious — have you re-run the numbers on your existing properties recently, or are you still looking at old assumptions?