Not going to give here a lecture on S-corps, but take my word: no benefits, only extra hassle and extra cost, such as preparing another tax return.

@Martti Eckert in our opinion, you'll need to be really familiar with construction, including costs, or be able to find somoen on the ground you can REALLY trust (but still verify).

Vacancy hurts a bit more, but the biggest issue with renting out large homes is turnover cost.

I had to go that far away due to the insane cost of real estate in Boston, so I fully understand the predicament.

That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.

We're stuck, cost us too much to cancel at this point but know that we will NOT renew anything and have multiple reminders so we get the cancellation notice in on time.

Then there is the time element with holding costs.

We got started, but they hired an appraiser and charged me $750, while typically appraisal costs around $500.

Hotels are the baby of real estate investing and running a business.Unlike any other commercial asset class, hotels are extremely labor-intensive to run but can spit off ridiculous cash flow.

Keeps costs low and guests satisfied!