Build a team of professionals, prepare your finances, and carefully select a property near high-demand areas like hospitals or corporate hubs.

I took a couple of weeks off from my former job to really focus and prepare for the exam. 

That probably in most cases for me, will result in a delay between the time you call and the time we can prepare that document, get it to you to review and sign, and then schedule a showing. 

@Fed Finjap now you're better prepared if you continue to scale and eventually hire a PMC!

Your best advice would come, for a Tax Advisor NOT a Tax Preparer (CPA).

It seems like every city, county, and state has its own rules, permits, and tax requirements for short-term rentals, and I’m finding it overwhelming to navigate all the different layers of compliance.For example, some places require business licenses, transient occupancy tax permits, or even special zoning approvals.

This will allow you separate business income and expenses from personal income and expenses.Since you plan to house hack your bookkeeping and tax return preparation will be more complicated because a percentage of your home expenses will be personal deductions and some will be business deductions.

If the rental income doesn’t sufficiently cover the debt payments by their standards, they’ll limit the loan amount, even if the property is worth more.You could try a few alternatives:•Look for lenders who specialize in commercial real estate and have more flexible DSCR requirements.

I currently pay a premium price for my turnovers for a local cleaning company that specializes in STRs.

Tax Preparation, Tax Advisory, Accounting.