My first deal was 5% down house hack on a 4 unit and then I used equity from that first deal to do 2 more deals once with a cash out refi and once with heloc.

I agree, you need to confirm this with the city.

Where would a PMC get the extra money to hire more staff?

It has no water or power, I wanted to use Hipcamp and put a nice tent on a platform with a outhouse. 

The better theming will attract a higher quality customer that understands the value.

I would make the expense codes mimic the Schedule E if using quickbooks.

issued guidance saying that you can use LLCs if you get approved to do so.

@Mindy PerryReally doesn't matter what software you pick as long as it has the features you want.Two biggest challenges with ALL software:1) None are perfect, so deal with the tradeoffs2) Most users rarely put in enough time to really understand how to utilize the software.

Let’s share our experiences so we can all navigate these challenges more effectively!

This is a fully stabilized property, with upside in rent in a B+ location.