Purchase price: $1,700,000 I invested in the Bel Aire Apartments in Burlington due to its potential for long-term cash flow and appreciation.

I live in Spring TXfor reference my mortgage, taxes, and insurance are $1840 each month, $385 per year in HOA fees 

Oops . . guess I'm not 'playing' tomorrow on a beautiful spring day - I'm sitting at my computer doing taxes . .  

@Lynette guy I have been trying to contact Evolve as we are renting a place through them for Christmas as tenants (not hosts/owners) and they have not responded any of our communications via air BnB platform.

This might be a case of speaking with some different lenders but the only difference on the DSCR side of things is that the Air DNA method to calculate potential rent will have a slightly higher interest rate. 

The list should also include if supplies are needed, if air or water filters need to be changed-out, if light-bulbs need to be replaced, etc. 

I have done two garage conversions in Colorado Springs.

If you want to deduct losses as an LP, you must materially participate as a GP also.Various Sponsors (including Lane): Yes, it can be done I am also attaching a IRS Publication:  Passive Activity & Risk rules

I am looking to change my life and the lives of those around me by investing in Real Estate.I am most interested in long-term Rental Properties, moving into short-term like air bnb and flipping.

There are other investments like air-bnbs where owners rent by the night similar to a hotel and those are referred to as short term rentals.