Quote from @Matthew Crivelli: Personally, I'm not a fan of Air B & B.

Does anyone have personal experience with specific scrutiny of a logbook during an audit?

Just be mindful that you can't 1031 a personal residence but it might be eligible for capital gain exclusion from section 121.

Have you calculated what your (monthly nut) is you need to survive business wise and personally?

Your ability to connect with them on a personal level matters more than your offer.Think about it:  • The “Used Car Salesman” is only focused on closing the deal as fast as possible.

I dont know Nathan personally..

You can’t use the property personally for more than 14 days or 10% of days rented, whichever is more. 

Of course most GPs have personally put in money to keep the deals from sinking.

With a Conventional Loan you can buy a SFH, Duplex, Triplex or Quadplex with as little as 5% Down if it is your primary residence as long as you have the intention of occupying one of the units for 1 year after closing escrow.This is the strategy I have personally implemented and have assisted many of my investor clients in doing the same. 20% Down is also beneficial as it keeps your payment low but it does limit your ability of buying more real estate faster.i would be more than happy to discuss the different strategies with you over the phone or in person.

So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save?