Also, you and tenant would not have to print, sign, and scan the document every time. 

Hi everyone,I live in California and I'm considering investing in real estate in Shreveport, Louisiana, especially since there's been recent news about the popular musician 50 Cent investing heavily in the city.

In my life outside of real estate, I worked in Information technology where I have participated in the creation of open source software as well as documentation published under creative commons. lots of license thinking to borrow from.It has always felt wrong to attempt to monetize everything associated with real estate investing.

I do all tenant relations and use Adobe sign for all documents. 80% of my tenants pay electronically and no one has been late.

I know that I could look on YouTube news and I believe I can call planning and development but they only go so far.

However, since you’re buying into a shared building, it’s equally important to request maintenance records and financial documents from the condo association.

I would say the MOST important things are 1) communication with your guests and getting good reviews, along with 2) having a vetted team (handyman, cleaners, etc.). and 3) document EVERYTHING regarding issues and Air BnB will take care of you (without documentation you're out of luck).

You can collect the money in many ways, I have tenants pay using secure ACH transfers using apartments.comI would declare this income because later on you may need the documented income to qualify for loans etc.

Stay informed about industry news to remain aware of changes that could impact your investments.Finally, be prepared for risks.

The bad news is that there is no part of the game that's inexpensive, and much of it involves fair chunks of time for approvals.