In other words, if one property requires a major repair, reserves from other properties can help cover the expense, reducing the need for each individual property to have a fully stocked reserve at all times.

If you’re close to $150,000 in AGI, a few ways you can bring that down AGI is by maxing out a 401k traditional ($23k for 2024 tax year), maxing out your HSA ($4,150 for 2024 tax year), and if you have any capital losses from stocks (up to $3k per year), I would encourage you to have great bookkeeping to ensure you’re capturing all of your deductions appropriately on your rental property.

The stock market is, of course, up and down.

They own all their properties and their stocks and bonds in their own country and they get all their W2, business and social security income from their own country as well.

Unfortunately, at the time, and for the years that followed, I was preoccupied with the notion that stocks were the superior investment vehicle.

You can't sell a portion of a property like you can sell portions of stocks, bonds, mutual funds, etc.

I'm hoping to help.Your question is the kind of question a stock investor asks. 

Of course the co-signer should be significantly stronger in ALL areas as compared to the applicant...usually this is a parent or relative, and they should be well established, with ownership of real estate for years; long and stable employment; no, or very distant, criminal and traffic court records; well funded SAVINGS/IRA's or stock market accounts.

Stock up on liability coverage you are in a trial attorneys paradise.    

We would handle the guest communication, coordinating cleaning, minor repairs, stocking supplies, calendar management, etc.