A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

.- Insurance: Short-term rental insurance (beyond renters') can protect you from guest-related risks.- Licensing or Permits: Check if your area requires permits, as some cities have fees for short-term rental operators.Breakeven Analysis: To calculate your breakeven occupancy rate, add all monthly expenses (rent, utilities, cleaning, insurance, etc.).

Investment Info:Single-family residence buy & hold investment in Jackson.

I'm originally from Western PA as well (Slippery Rock) and now reside in Atlanta.Here is how I am looking at it along with the assumptions I am making:1) I think the growth prospects are better in the Atlanta market than Pittsburgh from a pure demographics standpoint.2) I estimate your return on equity at 7.2% currently3) Over the long haul appreciation is going to take you further when it comes to net worth than cashflow will4) Doubling of the roofs is doubling the expensesThings to consider:1) What is the year built of your Atlanta property vs. what you could replace it with in PGH?

I have purchased a 4 plex with hard money as well as used my HELOC from primary residence.

Investment Info:Single-family residence buy & hold investment.

If you are having trouble finding a resident, there is another issue.

The tenant isn't "happy" about the construction but understands that it's my property to do as I wish.Has anyone had experience with performing construction on a property that a tenant resides in?

You create LLC for asset protection and has nothing to do for writing off expenses.

All the usual creditor protections are thrown out the window depending on which BK court has jurisdiction.