Bigger Pockets is your golden ticket to great success.

. :) I can get away with it in my own house, on a flip or rental I wouldn't try it. 

It's actually the land of the "fee" :)  Jokes aside you can often get away with things like that even if they're not permitted provided you don't put noses out of joint (with neighbors/tenants etc).

I agree with the person in the article who said if you accept year-round campers, then you are in the landlord business.

@Jill Patton I used Cozy for my last round of applications.  

I've never bought a house before, and i've never had an income to be able to be picky about my living situation, so i really have no idea what amenities to look for, and even worse, no idea what large ticket items to look for. obviously roof, foundation, electrical, plumbing - but what indicators of those can i actually inspect on my own and be able to see if this house has any major red flags? 

We are 700k financed and currently in the process of raising a bridge round of 500k to get us to a Series A round of about 5 mil.

Let's rounded to $400/mo/unit to simplify the numbers.That is an income of $1600*12/yr from rent ~= $19,200Now, expenses:Maintenance: $9,600/yr (50% rule)Taxes: Around 1% ( lucky New Mexicans): $1,700/yrMortgage Payment ([email protected]%): $763/mo ~= $9,150/yrInsurance: Around $1,000/yrPossible Cashflow per Year: 19200 - 9600 - 1700 - 9150 - 1000 = (-$2,250)A negative cashflow does not look so good, but here are 2 opportunities to increment it:1) Increase rents.

You typically won't start seeing significant response rates until after your 3rd or 4th round of mailers. 

It is like I am glued to this darn computer..I just can't get away!