That is not everyone's thought process but it is mine. 

.: Quote from @Bryce Cutler: Sri, I am in the process of switching from Hostaway to Hostfully for my 5 listings.

I’m in the process of evaluating the purchase of a laundromat and looking to engage with some folks to ask some questions. 

However, I’m unsure of the actual process of paying myself as a business owner.Here are some questions I’m hoping to get clarity on:How do you legally and practically pay yourself from your Airbnb income?

At the end of the day, your servicer is there to keep your loan compliant and to process and apply payments.

This process is probably a 1-2 year process.  

@Grace Chee The process for this is time sensitive, you should have gotten a TRIM notice around late August, early September.

Having a GC that will provide good documentation, itemized receipts, etc. will make the process much easier I've noticed. 

It's an awesome way to jump into RE yes its scary at first but as long as you have a criteria going in it eases some of the emotions during the process my biggest thing was lower my cost or keeping it the same.

Indian Rocks beach which was a huge STR area was completely demolished.