The key is ensuring the property can generate enough income to cover the payments and any renovations you plan.As for pulling out equity later, this depends on the agreement terms.

I think @Paul Sandhu captured the list of skills you need to find, and that you can probably find someone with "3M Talent" (or at least "2M Talent" to cover several areas.)

If you’re worried about exposure, consider running promotions or competitive pricing early on to attract bookings.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

Hi @Bryce Cover,First, congratulations on your growing family and your successful real estate investment so far!

Ah yes, I own property in Tulsa but actually also have a real estate automation company with nationwide coverage - I started adding markets to the list to illustrate the range of areas we cover but should definitely add Tulsa to the list as well!

- sounds like your friend's PMC pays this way.If W-2, why isn't your business properly insured to cover him?.

My question is: Can I use form 1065 to cover all the costs like property tax, mortgage 1098 whose receipt are for individuals?

I like to use removable pillow covers with down inserts.

My LOT was $32,500 and then they added the FOA to cover the first 2-3 years.