The key is to start with a solid foundation—understanding the basics will set you up for long-term success.

- It's after Labor Day when all kids are back in school and as a result, the market has slowed. - It'll slow even more after Halloween.- It may be cheaper to see if you can negotiate a reasonable extension fee with your HM lender and continue to try to sell.DM us if you'd like to chat more...

Are they his kids? 

Another thing we did several years ago was we took loans we bought at a substantial discount, I hypothecated about 70 of these loans and it was basically the BRRR strategy as we got our money back out of the deal, and the investor got 5 years of cash flow and I kept the back 10 years.

IMO, it is the lack of education (not schooling, but how to clean, teach your kids to respect their living space, etc) that causes the issues, and you have that whether it's a single adult household paying with a voucher, or a two adult household, who both have low pay jobs. 

You're a kid.

The basic plan would be to use their services to do the leg work (Advertising, Booking, and managing the event) and then our property would be the location and accommodations.

I'm basically at water level on this, and I don't know that other investors could make this cashflow any more than I could without me selling at a huge loss. 

But you need to learn all about landlord/tenant laws, how to do basic repairs, know what average labor and material costs are for common projects. learn about payment systems, how to interview property managers, tenants and handyman services, build a team of realtors, contractors, title, hard/private money lenders, inspectors, appraisers and soooo much more. 

Owning a rental home with or without house hacking is a pretty basic thing that almost any certified tax professional or accountant should be able to handle.Think a little in a bigger picture about what type of advice you will want: tax, accounting, financial planning?