They could be traveling for work or for personal reasons (I actually rented a place off Airbnb in Billings, MT during football season when my son played football in college so I could be there for his games.)

If you told him you have been playing pickup games for the past year and need help improving your jump shot, now he has evidence you're motivated and a specific goal he can quickly help you work towards.

Keep in mind that there are two roles you play as a STR owner: that of a RE investor and that of a business owner.

. ~50% haircut.So... since all goes to charity in 15 - 20 yrs anyway... why not donate now and play those cards?

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

It's a scarcity play, I am a bit amused when I hear people still fight this argument.

But I am 90% there and lovin it.the one PPM I did I followed your play book we paid cash.. granted returns are lower but safety is much better and we are not having these discussions you see on BP right now with other PPM or syndicators that did exactly what you are talking about.Bottom line when your RE is paid for you need far less of it.

One of those loopholes that lets you kind of hack your way into a REI portfolio if you play your cards correct.

The payment they make goes toward November and next one December…Now as the lender you can also say “we are only accepting full reinstatement” which is November through April and if they send money you can send it back or hold in escrowThis is why a servicer and attorney come into play because I have seen people go to foreclose and prior to foreclosure accept one payment and in that state you cannot then foreclose.

My leases tend to be sticky with tenants remaining for a few years without much trouble absorbing my vacancies so that plays into my decision as well.