You would then do the math to remove that exemption and see what the resulting yearly tax amount would be.Since it's your first time being a landlord, it might make sense to utilize a property management company or agent to find and screen a good tenant.

*eyes roll* got it.But practically speaking it makes sense.

If you can house hack locally and the numbers make sense, do it.

Makes a lot of sense.

Ideally I want the money collected to be accounted in the month I'm paying the mortgage so I can get a better sense of my monthly cashflow month over month, but that means I will need to record the draw I receive in October in September so things all line up nicely.Anyone have any thoughts on that?   

@Shannon F.Make sure the MTR vs LTR math makes sense for the work involved. $3K per month as an LTR x 12 months = $36K $4K per month as an MTR x 9 months = $36K Vacancy is a huge factor. 

It just doesn't make sense to undermine your investment.

To any "noob" I can readily answer to Who I am, What I do and Why I am currently doing things that way and When it makes sense to do it this way or shift to another, which leads to Where I do it, and How. 

Hello All,As an out of state investor who owns a few properties in STL, does it make sense to join this association?

Then on another sheet of paper put that number and what I need to do to comply with that contract clause.If it is something like scheduling security I would have vetted the companies before I signed the contract to get the costs which meant I may not have signed the contract if the money didn't make sense .