I guess if I had to define "landlording" I would say: It's the combination of owning and self-managing an investment property.I did that once for 2 years and new it's not for me.What I am into is entrepreneurship.

Hey @Gerardell Brown,These are two great strategies you're combining.

Yes you can as long as your father will live in the home as his primary residence and you put enough down to cover your portion of the loan that VA will not guarantee.Here are the VA guidelines for calculating the down payment.VA calculates the guaranty as described in the table below.Step Action1 Divide the total loan amount by the number of borrowers.2 Multiply the result by the number of veteran-borrowers who will beusing entitlement on the loan.There is usually only one veteran borrower, in which case the resultof this Step is the same as the result of Step 1.3 Calculate the maximum potential guaranty on the portion of the loanarrived at in Step 2 (as if that portion was the total loan).Use the maximum guaranty table in section 4 of chapter 3 of thishandbook.4 VA will guarantee the lesser of:• the maximum potential guaranty amount arrived at in Step 3, or• the combined available entitlement of all veteran-borrowers.5 VA makes a charge to the veteran-borrower’s available entitlementin the amount of the guaranty.If more than one veteran is involved, VA divides the entitlementcharge equally between them if possible.

I have gone down the path of painting a few times and it is quite labor intense and with that not cheap, it has to bone REALLY well - prep-work, primer, coat finish, the right products etc otherwise you get crap results.

The year round demand with two peaks (ski season and lake / beach season) combined with a lower regulation threat make them pretty good places to own an STR.

However, the "statement of cash flows" report within QBO combines balance sheet accounts with data from the profit & loss to show cash flow (aka what happened to cash over the period).And, an easier way to allocate monthly loan/mortgage payments is to split the transactions directly from the QBO bank feed rather than create journal entries.

I ended up having to use a combination of CALVET and VA loan because my second home was more that the limit allowed by VA.

That is why most people combine depreciation practice to offset the first-year income.

agree with everyone else one thing to have it on a home you live in. but for a rental no way.your tenant expects stuff fixed.. even manufacturers warranties are fairly useless to the landlord.one of my units had a 2 year old water heater crap out.. but by the time you apply for the warranty etc what do you expect your tenants to do go without hot water for weeks ?????

Certainly a strong equity play in addition to the cash flow :) Should be live on Airbnb in march.By the summertime, we expect the combined cash flows from our properties to exceed $20k/month.