. 😢😢 I would say try not to squander your money on depreciating items though.

It depends on the item.

Unless you are doing construction and acting as a GC, owning a property management and leasing company as well as owning real estate, maybe then have one.

This is a garden home and the yard is fenced in with a 10 foot privacy board in board fence The neighbor stated it was making her violently ill and that it is a health hazard for her as it was coming in through her vents and or windowsshe has also been known to harass my last tenant, and sending us text that trees are too close to her home telling us that we need to cut it because there were branches over her skylight and she claims that it was scratching the cover. she called the city when the last tenant had to sell all of her items at an estate sale due to loosing her job and having to move from the property and cited that she was in violation of city ordinances due to not informing the county of an estate sale.

I love what I do and have been so passionate about short term vacation rentals way back in the “mail the keys” and before Airbnb was an item.

Note: All units are leased out currently and the total rent is currently equal to the interest payment we’re making so we’re at a break even but obviously can’t do this forever.

If you want to rent to college students, you could rent by the room for 10 month leases and if the location is right, Airbnb the property during the summer months.

Smoking is definitely happening in a unit (leased rental unit, inherited tenants).  

The person will assist in some prop management but largely the GP will oversee/ manage most of the deal (design, permits, construction, leasing).

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