I have to screen (chat with them) every new guest to make sure they have good reviews and the real purpose of their trip.

Hello, if I have a HELOC on a primary home and I move out to convert the house into a rental property, do credit unions/bank typically have an issue with that?  I know they do not like to give HELOC on investment prop...

Additionally, a larger property like this is valued based on the actual cash flow, not sales comps, so you have the ability to force appreciation faster with efficient management.Adding the a 5-10 unit may also increase the amount of time you spend getting you closer to the 'Real Estate Professional' status for tax purposes opening up room for offsetting some W-2 income on taxes.  

Does anyone remember the guest and podcast I'm talking about?

They told me if I were to supply bikes for guests, I'd have to supply helmets too. 

Unlimited losses allowed for landlords who qualify for REPS - Real Estate Professional status.

I agree with this high level (Private Money = Individual, Hard Money = Company Non-Turnkey Product).I've been begging (mostly to no avail) for better clarity and definitions here for these to avoid confusion - BiggerPockets IMO has a HUGE opportunity to set and create the "gold standard" universal definitions of loan types with just a little initiative. 

And you have to live in the same unit as the guest, bedroom doors cannot have outside locks, and you can host at most 2 guests at a time.

There is much more competition for the smaller homes as hotels, condotels, condos, townhomes and small single family are all competing for the same guests.

Now that BP has somehow determined #1 status for some members it might be fun to do a weekly podcast with the #1s in a round table.