Also any losses from Y will flow into Parent Holding X for tax purposes and such losses will be adjusted towards active income.7) Use a revocable trust to replace us in the ownership chain to avoid probate issues and easy inheritance to our kids.

It is more important now more than ever to have a transparent working relationship with a real estate agent who can listen to your wants and needs, adjust accordingly and negotiate effectively on your behalf. 

Unless you know the previous hosts, I’d much rather vet guests using my own criteria and pricing adjustments.  

There are many Business Loan Applications, which are virtually identical and carefully worded, that you can find online.Hopefully, your lawyer includes a Certificate of Non-Owner Occupancy in your loan package, and language to that effect is liberally mentioned in your note and mortgage/deed of trust.Consider obtaining a script offered now by some lending attorneys that you can use to interview your borrower about their intent during a recorded Zoom call.

Jonathan,It depends on a few things if the 7/1 ARM is close to adjusting/recasting I would simply refinance into a 30 year fixed.

Following is an answer from IRS to the question:https://www.irs.gov/pub/irs-wd/0721013.pdfIn summary, it is an adjustment to the purchase price of the home and generally is not includible in agross income.

@Collin Luckett — Lot line adjustment or easement agreement.

towel bar bracing, door stoppers, easier to access and adjust plumbing, will all make long term rentals easier.Best of Luck!

Joshua,Thank you for this crash course. 100% ii was using PITI as i do with my single families, i will adjust and look at that.

Adjust rates seasonally and consider offering discounts for longer stays.Guest Communication: Clear and prompt communication is key to positive reviews.