In other words, everything is possible without affecting the due on sale clause.Something else to add here, I'm going overboard but since you might be having a lot of looses you want to make your return audit-proof:You must materially participate to deduct any tax losses from your airbnb activity.Use of a management firm makes material participation less likely.Use of a management firm increases the possibility that you will not be involved in day-to-day activities, and that lack of involvement will cost you any claim of investor time for material participation purposes.The IRS questions whether drive time counts for material participation purposes, and the court in Toups denied drive time as material participation time.

They will be having people live in the building.

He has made it clear that he isn't planning on selling it out from under us and we can rent as long as we'd like, though he is motivated to sell to us as soon as possible because he's moving into a new home well outside of this area and won't be having reason to regularly come back here to check on it, etc. 

I see an undertone in many discussions here on BP that the next downturn will be as severe or worst than 2008 and housing will behave similar to how it played out in 2008.

@David Detweiler - it’s likely different state by state, but I know in mass one of the additional “hassles” would be having to install a sprinkler system as part of the fire prevention system.  

I will also be having a new group of 5 sign for the next school year in a month. 

Now I will be having to put some things on credit and put a lot on risk to take this massive action, and I know to do this i need a mentor/program like these guys.

The only saving grace I have right now, for that plan anyway,  is that I have a friend who is an appraiser in the area and has agreed to look at comps to get a good since of what the ARV will be.   Have

BP is definitely the place to be. Have

The tenant could be having them over 3 nights or 21 nights, that point hasn't been made clear to me.Raising the rent by $50 for more visits seems reasonable, (legally, no idea).