Hello @Jeanette Land - (Great last name by the way to be into Real Estate)...

Offer a great first-stay experience with thoughtful touches like welcome gifts and clear communication to earn those initial positive reviews.For Big Bear’s rules, stay on top of local ordinances—maybe even connect with other hosts for advice.

Just check the local rules to make sure you’re good to go!

Your local laws are going to prevail.

I will be doing my own research on local laws & regulations, but want to do this 100% by the books.

We're working with a mortgage broker local to us and he has put us in contact with Lendbase as well.

No, you cannot create phantom losses this way.Some additional issues that we have not addressed:- holding rentals inside an S-corp has many tax disadvantages- you will likely jeopardize your $250k/$500k capital gain exclusion for homesteads- you will lose asset protection afforded to personal residences by most states- you will lose your homestead exemption for local property tax - your insurance will have to change from owner-occupied to rental, i.e. go up- and there's moreConclusion: there're reasons why nobody is doing this clever "strategy" but A+ for trying.

Any groups/meetups that i could attend in the local Houston area?

Does your local jurisdiction require you to return those fees if they were not screened? 

Hello My name is Jahniya I’m just getting started in real estate I currently have no properties in my portfolio and was looking to get started in the rental arbitrage space this year.