Kiyosaki, I'm currently in the "E" & "S" quadrants (Personal Trainer) but I know real estate is the vehicle I want for long-term passive income.

Finley (Real Estate Attorney) can't go wrong with him. 1701 E 12th St Suite 108, Cleveland, OH 44114

This situation of a semi-conflict between the two sections kind of forces us to disregard the IRS instructions and report AirBnB on Sch E and not Sch C. 

Also, start looking at properties now by having agents send you e-alerts.

I don’t know that there is a defined policy stating how frequently you have to physically occupy the property or how many nights you ha e to sleep there - maybe you like to go camping a lot, or maybe you travel for work, but you do have to call the place home for a while...

After that, I recommend their guide to estimating rehab costs, the 4 Hour Work Week, and the E-Myth revisited.

@Randy E. thank you so much for the amazingly helpful advise.

When you do your schedule E (rents and royalties), after all deductions, mileage, depreciation, you should be a few thousand negative.

This was all done through an exchange of e-mails.

@Warren E.