Whether you're casting a line from the shore or venturing out on a kayak excursion, you're sure to reel in unforgettable memories.After a day of adventure in Key West or on the water, unwind in the luxurious comfort of our home.This is more than just a vacation rental, it's an escape to paradise.

I am so very excited and privileged to begin my venture into this arena and cannot wait to meet some of the great people that have called this space home.

Sharing knowledge and experiences can lead to better outcomes for all of us in the REI community.Best of luck to you and your friends on this exciting venture.

I took the opportunity to venture outside of the hotel to look at the local real estate market.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

Best of luck with your new venture!

My plan is to self-manage the property and rent it out by the room, and I believe your expertise could provide invaluable insights to help me navigate this venture successfully.Specifically, I'm seeking advice on the following areas:Property Management Software: I'd appreciate recommendations for property management software that would streamline my operations and help me stay organized.Bookkeeping: Could you provide guidance on best practices for bookkeeping in rental property management?

I've begun volunteering with Habitat for Humanity to gain more confidence in DIY improvements. 

Best wishes for success in your real estate ventures!

Also, I would be very concerned with thinking you can DIY your first renovation.