I would need at least $80/night with Airbnb to compete and the few NLV houses that are doing it under the radar don't seem to come close to the rate or frequency needed to compete.

@Charles VinetteIn this country, most of the lenders have quite good underwriting and mortgage servicing systems.When if comes to modelling mortgages (amortizations, terms, rates, payment frequency, pre-payments, rate changes, etc), there is little that cannot be done using a spreadsheet (even for Canadian residential mortgages where interest is compounded semi-annually.There are some descent spreadsheets which are freely available - Vertex publishes a few descent one which work for both Canadian and U.S.A. mortgages.

@Christopher Smith, i just read that article, that's very interesting, but it still says at the bottom of the article that it all depends on the frequency of the activity.

Let this ad run until the frequency metric in ads manager for this campaign reaches 1.4-1.7. 

Taxpayer's purpose for acquiring, holding and selling the propertyNumber, frequency and continuity of salesDuration of ownershipTime and effort expended by the taxpayer in promoting salesTaxpayer's use of brokersExtent of improvements and subdivision made to facilitate salesOrdinary business of the taxpayerExtent and value of the taxpayer's real estate holdingsExtent and nature of the transactions involvedAmount of income from sales as compared with the taxpayer's other sources of incomeTaxpayer's desire to liquidate landholdings unexpectedly obtainedTaxpayer's overall reluctance to sell the propertyAmount of advertisingUse of a business office for salesTaxpayer's control over any sales representatives

"PURCHASE" - Guardian ships you a water meter with an affixed radio frequency transmitter for each unit at your property.

@Lakshmi Nikitha DuggiralaEast Garfield is a very rough part of town.Lets take a look at the dataThe first chart shows the various income cohorts within East Garfield.Note the very high frequency of households making under 10k Vacancy rates are also very high, at 16.5%.

Given the frequency our laws are changed, you may want to hire a property manager to handle this home. 

Dear drweltman,IRS usually looks at the following to classify you as a dealer (list is not all inlcusive):1) The number and frequency of Sales2) Intent for Buying Property3) Extent of Improvements4) Holding Period5) Income generated by RE salesHowever, even if you are a RE dealer you can still own nondealer property (aka investment property).

If you start running an active business (flipping might be considered an active business depending on the number and frequency of flips as well as other investment activity of your 401k) in your 401k it will owe Unrelated Business Income Tax.