Neither the authors nor the sources cited can be held responsible for any losses or damages resulting from the use of this information.Feel free to reach out if you would like to invest in the Birmingham market.

If so, solve it, like keep food in sealed containers, don’t store plastic sodas in the garage (my friend just had critters eat through her Dr Pepper case they accidentally left in her garage).

That is a big loss. 

Now, I would pick my battle and perhaps find a win win for this, but this is a win and a loss for everyone else. 

If you search these forums you will find countless syndication investors burned by paused redemptions, loss of most or all of their principal, investment promoters disappearing, etc.

If the roof was damaged by wind since you purchased the home, that should be a covered loss. 

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.

His takeaway from his loss was that all debt is inherently bad and people should only buy investment homes in cash. 

My W2 income is >$550k/year, if I build an RV/Boat storage facility, will my storage business expenses/losses be able to reduce my W2 taxable income? 

Do you have the skills needed to manage it well and prevent losses?