Unless you have developed software or paid someone to do it people often do not understand the cost involved.

Come on down and help me clean out a house and see. 

In our case they'll have it cleaned up within the next year or two, so the timing worked out well.REPS status alone is not substantial a risk of being audited. 

Have your systems and processes in place to have the business become increasingly more autonomous (cleaning, pricing, property management software, automation, etc).

My local STRs require me to be VERY involved. 

Story #2I hired professional cleaners who cleaned out my unit and I handed everything over to OneRent.

@Hoai Nguyen suggest modifying your current lease to cover multi-family setup.Parking, shared access, police report required for landlord to get involved in disputes, etc.

Additionally, there may be grant money or other funding programs available to you.Finally, if you get involved with a local real estate group you can likely find other investors that might want to participate in the deal with you.

Does the Total Revenue include cleaning fee?

If you want to buy a property for your kid, you should think about empowering her and involving her in the process as more than just a tenant.