The main reason to prohibit subleasing is that you lose control over how the property is managed.

I don't lose any sleep at night knowing occupancy has taken a fall this year.

Long story short, we have been renting it out and have been told that we would be safer if it were in an LLC but we do not want to refi and lose the rate we are at.

I'm not in your market but we would never rent a cabin just to lose $200-300 per month.

Yes I might lose a day or two of occupancy, but my cleaner's aren't being asking to clean on Christmas day or Easter.

What we have seen on the west coast is first folks in did well to real well.. now its in the dumps.. most are losing money hand over fist..

This prevents people from just grabbing (and losing) the original TV remote but still leaves it accessible if someone needs to do something that's hard/impossible with the Roku remote.

A lot of the people that built big portfolios quickly - and then wrote books or built YouTube channels - can lose them just as quickly when they realize they don't know how to manage what they've got, a loan gets called due, or whatever.I recommend you network with other investors and spend time with people that have more than ten years experience and that did it by saving and investing wisely.

We will lose the homestead and that will cause a re-assesment and explode our property tax, but it is what it is.  

Just plan to keep expenses on a spreadsheet.  6) We got an umbrella insurance policy vs LLC - lots of forum threads on here about the differences and which one is best depending on situation.  7) An emergency fund is paying yourself, I don't sleep well whenever mine gets low.  8) For me, it would depend on your financial level, time to retirement, and/or if you have income you need to offset or not. 9) you need to figure out if selling with the up-to- $250,000 capital gains tax free for primary residence is better financially for you than renting as you'd be converting to a rental and potentially losing that tax advantage (takes a lot of monthly rents to equal that benefit), and talk to your accountant about the depreciation as I think they still value it as depreciated when you sell even if you forget to depreciate at tax time.