Probably not good for something that grosses $30k but will provide outsized value on larger bookings. 

Depreciation is easy to figure, however it took me a while to get the double entries down in the books -- ie accumulated depreciation, cost basis etc.  

But I don’t know if that’s a good idea because I don’t want tenants messing with a house I plan to eventually live in.Sorry if I didn’t use proper terminology but I’m only on my second book….

You’ll definitely want to open a separate account so you’re not commingling for book keeping purposes.

Lenders are shoring up their books so want to see longer primary lease terms.

Also, after learning the system, setting up rules, and learning how to address my specific special situations, I spend about an hour a week managing the books for 35 doors. 

Also, if you know anywhere, book or video where I can learn to do due diligence and the other things you mentioned, please let me know.

There are lots of options like VRBO, booking.com, direct booking platforms, snow bird sites and medium term rental sites. 

If it’s a larger home that could see a dip in occupancy during those months it may be worth it to take the 15% cut but have it fully booked!

Purchase price: $100,000 Sale price: $112,000 One more wholesale deal in the books.