STRs can be tax-efficient if the underlying operation works.

Hey Aidan,The best ways to “add value” to a property are upgrades that improve function, efficiency, and desirability while also supporting higher rents:1.

My focus is on operational efficiency — maintenance coordination, inspections, tenant communication, vendor oversight, and owner reporting.I also manage operations for 30+ short-term rental (Airbnb) properties, supported by a full offsite team that provides 24/7 guest communication and issue resolution.

I'm trying to figure out the most efficient yet cost-effective way to compile data.

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.

That way I have a project manager on staff and we manage all the subs efficiently and never hire a 'jack of all trades' GC and only go with speciality subs to do all of our BRRRR's.

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. 

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

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?

This will be my 5th BPCON, it's always a huge ROI each year I've attended.I've directly gotten deals, improved financing options, operational efficiencies, industry insights and so many other benefits.