Lessons learned?

Tax and Legal ConsiderationsUnderstand the tax implications and legal responsibilities associated with rental income.

The challenge for a PMC is having the time to answer all your HUNDREDS of questions and handholding you as you learn, while still making money.

I'm not sure how attractive the numbers will be however when looking at HOA dues, insurance, taxes & the unpredictability of future costs with HOA dues.

First pro is you learn how to be a landlord and to manage properties and this is the best way to get started into real estate investing.

YouTube is also a fantastic resource—it's free and you can learn at your own pace, which is a huge benefit.

I learned through Pace's content that I am an integrator through his Avatar series.

And of course we're in agreement on consulting a tax pro.

I also wonder if some hosts only list during football season and then transition to mid-term rentals (MTRs) the rest of the year.New Tax Changes Coming in January 2025Starting January 2025, Airbnb will automatically collect and remit the 5% tourist tax for Gainesville.

I understand I wouldn't get the benefit of tax deductions, but what else am I missing that makes this a good deal?