Hi All,
Our complex in San Diego had some concrete work done that caused us to have to relocate tenants for 2-3 days. We gave them the option to either provide them with the nightly rate per diem of the rental for th...

For the income to switch to Sch C reporting, you also need to offer services similar to that which a hotel might offer such as daily housekeeping, food/drink, and potentially various other amenities depending on how you'd like to qualify.What you describe is simply changing property managers, it doesn't really matter whose name is on the AirBNB listing.

Just need to prepare for when/if they default.. properly capitalized company no issue .. investor with limited resources high risk.

However, with overall sales activity still strong, competition can persist, so be prepared to act quickly on properties you love.The good news for most of my buyers is the market pivot towards buyer's seems to let us negotiate more.

5) Or should I save, wait, prepare for the next opportunity when that $41,000 is saved up?

Recently, many of those seller carried mortgages are coming due and clients have reached out for either advice or recommendations for their refinance so I wanted to share a public synopsis of what's generally required by lenders and what to be prepared for.

5) Or should I save, wait, prepare for the next opportunity when that $41,000 is saved up?

Be as prepared as you can be and you will succeed. 

We are buying our third home in a few months and are currently renovating our second home, preparing for renters.

It's usually better to give them a notice so they can prepare and raise it up to or near market rent.