became our holy grail.We tracked payments with paper notes and consistently followed up with residents about small delinquent balances.

With these house flips I take a lot of write offs so my income on paper is not enough to buy a house in St pete.

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

I've got a real estate lawyer friend in Denver where we work, and she said there are two additions to the traditional lease when you're a house hacker.Issues around how to handle shared expenses such as TP or paper towels or dish soap; andExtra liability around tenant selection.

You won’t be able to put a paper offer down for a year and try to resale.  

Pumping yourself up with paper return numbers on an asset you shouldn't consider selling is a waste of your time.

I know the sheets, toilet paper, pillows, mattress, etc.When my wife and I had an Airbnb, we provided coffee, shampoo and conditioner, soap, etc.  

It is a very simple calculation and yes depreciation would be added back as it is a paper loss. 

As a result, I informed them in an email that only toilet paper is allowed in the system that any further instances of baby wipes or like products that become lodged in the impeller and create the need for a plumbing company to fix & dislodge will be billed back to the tenants.