.🔹 How It Works:If your rental income falls short of covering your mortgage (PITI), you can use liquid assets to supplement your income.

It has opened my eyes to how single family rentals really work.

OP ask your rental property insurer for Umbrella coverage options.  

Quote from @Kim Scheid: @Travis Biziorek and @Sean O'Keefe, we are looking to start with our first out of state rental and would love to know more about self management.

They don’t verify guests properly; screening is weak because they’re mainly focused on hotels/flights/car rentals.

Loans are approved based off of the rental income of the property.

The pics of your rentals near Gatlinburg look great...makes me want to travel there!

Being in Arlington, you’re in a prime area for finding multi-family units with strong rental demand, so you’re in a great position to make this work.We’re excited to have you here and look forward to hearing more about your journey!

My husband and I own a rental unit in a condo building in Jacksonville, FL.

Working with the city to find a solution.There is a similar situation near me where an investor bought a short term rental house, rehabbed it, ran it for a while, and then got in trouble with the town after a neighbor complained and the town said short term rentals weren't allowed in the community.