Furnished Finder does make it tricky since you need separate profiles for each room, but platforms like Apartments.com or Airbnb might work better if you're aiming for full-house rentals or structured by-the-room arrangements.If you decide to rent to multiple individuals:Tenant Screening: Screen each tenant thoroughly to ensure they’re reliable and responsible.Clear Communication: Introduce potential tenants to one another Detailed Agreements: Use separate leases for each tenant and specify shared vs. private spaces, utilities, and maintenance responsibilities.House Rules: Create clear, written house rules to prevent misunderstandings.Inventory Tracking: Document everything in the home (furniture, appliances, etc.) to avoid disputes about damage or missing items.Also, market your property with its flexibility in mind—like proximity to hospitals for traveling nurses or universities for graduate students.

The ability to create equity and cash flow without “finding” deals is beyond amazing even with the upfront cash challenges.

However, this provides tax benefits over time rather than an upfront deduction.This post does not create a CPA-Client relationship.

This is the one that sparked Tennessee to really start to create legislation on it. 

Looking for ways to create more passive income for myself.I guess an additional question is how profitable should I expect a short term rental to be in that area? 

Granite or Quartz on all counter tops including bathrooms.. our up stairs is 9 foot.. and our single levels are 10 foot to 14 foot which NO other builder does in a subdivision type build only custom homes over 1 mil would have that.. flooring is engineered hard wood.. custom cabinets with soft close on all doors in the house..

I’ve also been creating what I think is a good foundation for finding and selecting positive cashflow RE Properties but I still need to understand some details to guarantee my calculations are correct and that I’m not missing or forgetting any important details that could make or break a deal.

Hello Michael,I own a company that specialized in building ADU's in Los Angeles and while I can't speak to the demand in your particular zip code what I do know is that each ADU we've built has created an ROI for our homeowners.

Consult an attorney and tax advisor to structure the arrangement legally and effectively.This post does not create a CPA-Client relationship.

If you are too high, market rate customers will ignore you.