To estimate expenses, consider setting aside a percentage for management fees, plus costs for cleaning and utilities.

Had an issue with trying to self-permit a build a few years back that was an HPR but had an "A" and "B" designation.

I'm passionate about real estate and how utilizing this asset class can enable me to build generational wealth and retire early.

Implementing water-saving initiatives is a smart way to reduce utility costs.

CPAs often advise against pursuing this designation unless the time commitment and documentation are robust, as failing to qualify can result in IRS audits or penalties.The 500-hour rule pertains to material participation in specific real estate activities or businesses.

See if those can be covered for utilities.7.  

Or is it better to utilize different strategies?

For further context, we are trying to have him be the name on the loan because he would be able to utilize his first time home buyer loan to take advantage of the lowered offered interest rate.

The catch is she is retired and won't have income except SS, thus I would be paying for everything...the HOA, repairs, utilities, insurance, etc.

Easiest thing to do is to utilize your channel manager to create one (most have this feature) or maybe consider houfy.com or craftedstays.co, they are specific for creating direct websites.