Keaton owns a money hungry company with disgusting practices, steer clear at all costs. 

Is this a common practice or are there rules against doing so?

From a practical standpoint, add an umbrella policy to cover liability in case you get sued just to be safe. 5.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Learn how to analyze property, then practice, practice, practice.

There have been several favorable rulings on this issue as it relates to trusts to the point that most accountants are now accepting this as trusted practice for LLCs as well.You never say never with the IRS. 

Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them.

(Yes, Colorado Springs also allows them in non-owner occupied homes but with limitations that in practice make it nearly impossible.)I still think this change is good policy, but for anyone wanting a vacation rental in municipalities that have a primary residence rule, this doesn't change anything.

Make sure you are applying long-term rental laws and practices or you will get yourself into a pickle.

An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).