Since part of your home is a rental, you can deduct a portion of expenses like mortgage interest, property taxes, and utilities.

Also--similar to apps like Facebook and Twitter--I can almost guarantee that a larger pool of people would seamlessly utilize their phones to vote/like and comment on the forums. 

Most successful STR owners I work with in the Pocono's/Lake Wallenpaupack PA utilize only someone to clean, and a few local handymen.

Long story short, you spend a month cleaning and renovating, then you find a new tenant after just 15 days.In total, you lost three months of rent income ($3,000) plus paying utilities ($500).

The way I understand it is if you were to say, have a fire (even while vacant), and put a claim in with your insurer and they find out you have been utilizing the property as an STR they will deny the claim. 

Joint ventures entail utilizing your own money to buy properties with others.

Additionally, they've avoided 40-50 hard credit inquiries populating on their credit as a result of the soft credit inquiry that we utilize for DSCR loans.If DSCR loans are a new thing to you, I would recommend checking out some articles here on Bigger Pockets or giving me a call to learn more.

They must satisfy "material participation" test for their STRs to utilize the strategy.

See if those can be covered for utilities.7.  

If it's the difference between $1800 and $2200 but you have to cover utilities too, not worth it.