You cannot escape risk. 

I've heard of drilling small holes at the top of the exterior window pane to allow trapped moisture to escape, but I've never tried it.

The biggest pitfall I've always seen on BP regarding rentals are the number of people who get it in their head that it's an escape from a job or career they hate.

However, you will need to make sure that your losses will escape the passive loss limitations, meaning you need to change the default behavior of Sch E.Showing material participation can be a trap.

Whether you're casting a line from the shore or venturing out on a kayak excursion, you're sure to reel in unforgettable memories.After a day of adventure in Key West or on the water, unwind in the luxurious comfort of our home.This is more than just a vacation rental, it's an escape to paradise.

Your only escape to all this is, offer him/her 1-5% of the company, that way he is now treated as "owner", no more taxes, WC, etc - only a few bunch of papers that is authorized and notarized, $10 on notary fee and 1 hour of work.

Do local ordinances or ADA guidelines require changes to the property such as: - accessible ramps- sprinklers, fire alarms, fire escapes, etc.- bathroom upgrades- modifications to size of types of doorways, windows, etc

If you lose equity on top of that, there's no escape.

Get one that is designed to be pushed up in an emergency so people can escape a fire.

if the return on cash-flow and appreciation is less than your required rate of return, you should consider selling it.Selling it now could also allow you to escape some or all of the capital gain through 121 exclusion.