I had dipped my toe in a couple of fix and flips before the market crashed in 08. 

When you only have a couple rentals and they are leveraged (have mortgages), the rental income is relative small AND more importantly it can be inconsistent.

Hey Tony - You have a couple of options.

It depends on where you are on the investing phase, everyone will be in a different part and have differing opinions.I was in the growth phase a couple years so I looked to take on more debt to build my portfolio.I accumulated a lot of wealth after all the appreciation over the past 5 years.I am now looking to decrease my debt.Once the debt is paid down, I will be able to get an increase in monthly cash-flow that would have went to interest / principal paydown.Remember the goal is a comfortable living situation and not to acquire more rentals(or another job).

Couple of things which are critical to zero in on areas, cities and suburbs is the ability to hold an asset at net zero costs and YOY capital appreciation potential.

I already a have installed a couple in the past and I spend about $225 on each for annual flushing and cleaning.

I have been using only Furnished Finder for my first couple of renters.

Only advice I can suggest is to continue to market future and guests to other channels such as a direct booking site, or the other housing platforms.In the beginnning, Airbnb and VRBO were just about the only place we got bookings, but now we get some from direct, booking.com, and a couple of other sites.Hope that helps.Mike

I'd give Michelle Cummings a call and pick a couple others as well from threads here on BP.

But no income coupled with personal use (your mother) would make it doubtful that it would pass if you were audited.If you have not filed your tax return for 2023 it might be worth looking at actually renting it to your mom for 2023.