I “assume” they meant you wouldn’t defer all your taxes if you used leverage on a $450k purchase instead of “spending” all your cash.

You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

The additions are usually small.Buy focusing on real high value places, you are putting yourself in a narrower guest pool.

Hey Tim, If you are not using Hospitable yet that would be my first addition.

Like @Jesse Rivera mentioned above, I also go to a few sessions but spend most of my time in the lobby or at the bar making connections."

If we sense there is a red flag, were asking them to upload additional documents like tax returns w2's etc.

Now your cleaner has 200 hours, and you will have to spend at least 201.

An emergency fund needs to be liquid, and immediately available to you in addition to being low risk and protecting principle. 

Close to a cool little town, close to an area attraction, etc....Also do a search here and see how to screen guests, in addition to what the hosting sites do.... like no last minute bookings, no short stays....

.* Additional Charges: Jenny requested that I deposit on her checking account an additional $20-25k for her to purchase furniture, which I refused because I thought it was very strange, opting to give my card # instead.* Work Quality: Jenny never showed up to the house, she sent 2 people instead, she never mentioned she would not show up herself, she never asked for approval to send two others instead, they did not complete the job, and there were multiple unauthorized charges on my card.* Receipts and Expenses: Once I brought to Jenny's attention that we were 20k above budget, she refused for days to give me the receipts, saying that I needed to give her my credit card statement first.