We've found the traditional "live in one half and rent out the other" is a little bit more difficult to accomplish these days but we've had luck pivoting to buying a single family home with an in law suite with separate access.

but might pivot into other models if the opportunity presents itself! 

Sadly, I'm not saying that this is the correct role of government or that the government will do a good job at it. 

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

I would think this would play a role in your vacancies and retention for tenants as long as they are screened correctly especially in south AL!

Access to utilities like water, electric, sewer, and internet plays a HUGE role in which strategy to choose.

Risk Management: What role does a fiduciary play in helping me understand and manage investment risks?

Period.Anyone can find and fix and even sell you a house these days.Not many can manage them well and honestly.So for all of you worrying about me or any other leader in the turnkey industry getting hit by a bus.It doesn't really matter if we do as long as there is a solid property management team in place with professional staff that can continue looking after your investments.The biggest and best turnkey companies in the country (We are still a tiny fish and no where near as sophisticated as some) have full blown departments with leadership roles and detailed processes, systems and manuals that probably work better when the founders and owners don't even get involved.This is something that we are striving for also.So for the time being, you will still see me poking my Dingo nose in everyone's business.I'll leave you with this:Have no fear, because my team is here.

Even with their $14k, $15k, $16k, etc... incentives, I was able to beat them out in the end.When we got to Lennar, it was a bit different and perhaps timing had a role to play here.