I was referred to Hospitable on another post and want to use them.I am struggling getting set up on Hospitable to start self managing property. 

Louisiana is also a very landlord friendly state and that doesn't hurt either.I have been looking at the rental data in New Orleans lately and it seems like there may be a surplus of rentals available, most likely due to the STR rules causing people to switch to regular long-term rentals.

I was referred to the lender by numerous agents and and investors in the area.

You are likely to appreciate, but you never know what will happen with the area as a short-term location so your hedge is on cash flow and maybe slower appreciation than regular single-family residential homes.

Next, I would find out who the attorney(s) is in your area that is known for regularly dealing with the Zoning Board.

I have some great agents, contractors, property managers, and attorneys who I can refer you to!

I also completley share his advice on a bias for action.If you are interested in a good book reference with checklist like models, check out "The Perfect Investment" by Paul Moore and "The Book on Investing in Real Estate with No and Low Money Down" by Brandon Turner, both also available in audio versions.

Showing a profit is just a slight concern because it just adds to our regular tax burden from our day jobs.

how's the whorehouse differs from regular house ?

@Anna Thanopoulou the "short-year" in IRS guidelines (eg publication 946 on Property Depreciation) isn't referring to Bonus Depreciation. ...