Core concepts
Market selection
Vacation, business, and event-driven demand — avoid regulated urban markets.
Dynamic pricing
PriceLabs / Wheelhouse lift revenue 10–25% over static pricing.
Tax loophole
<7-day average stays + material participation = non-passive losses offset W-2.
Examples
- 3BR Smoky Mountain cabin: $60k gross, $36k net, 62% occupancy at $250 ADR.
Practical applications
- High-W2 earners seeking depreciation shelter.
- Vacation-market investors.
Common mistakes
- Underfurnishing.
- Ignoring local regulations.
- Modeling without LTR fallback.
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