Be sure to run a thorough background check!

These tenants were properly screened, passed background, credit checks, employment, etc.

With a background in retail and customer service, I believe I possess skills that could be valuable in this field.However, before diving headfirst into this new venture, I want to make sure I have a clear understanding of what exactly co-hosting responsibilities entail.

Background: I have typically done the BRRR method.

Louis.I have a 10-year background in construction, but I share your concerns about St.

I’m not technical and don’t plan to.  

I just want to make sure I understand correctly, so even though she will be receiving a lump sum in 3 years from the balloon payment (it is an investment property she's selling me, not primary residence), she can't 1031 that because technically when she sold it to me today she became the bank and no longer owns the property, so basically the lump sum paid to her at the end, is the same as a bank making money and therefore taxed as income tax?

Grant it I have an extensive background in construction so my only hurdle will be learning the business side of being a builder.

as per your question, that article is answering that in quite technical way :After maintenance and recurring taxes, the majority of unlevered real estate, even when rented out for cashflows, doesn't outperform gold.

Background info: A tornado came through about a year ago and tore up the carports for a rental property of mine in Iowa (I own one unit in the 12-plex).While the carports have been rebuilt, the HOA's building insurance is coming up for annual renewal with a VERY steep price tag.