I have an instance where two tenants, a mother and a teenage daughter are using 3X the water of the other set of tenants, which are two sisters.

A popular Excel template is Vertex42 as it automatically includes spaces for property details, rental incomes, expenses, and a summarizing sheet.

So now I have both my personal residence and a leased property as STRs.Even though I live 3 hours away from my leased STR property, I've built a team that assists with managing it, so I don't have to be there all the time.Here are some key things I've learned:Regulations: Research the specific STR regulations in the state and city where you're looking to buy.

If you have a lot of liquidity and a great paying W2 and can support your rentals, focus on appreciation/equity.

Paid $50k down took out an owner financing note for $112,000 and a mortgage for $743/mn Front home rented out for $1,200/mn and back home rented out for $900/mn (currently on the market for sale).I wanted to give some feedback of our deals prior to digging in.

We said we would list the house and as soon as it was leased again we would prorate and refund for the remainder of the term.  

I was wondering whether there might be any tax advantages or disadvantages to my owning the property as both a resident and a landlord.

Over the past few years, homebuilders have ramped up construction in response to demand, and a wave of new housing is expected to hit the market later this year.

She booked for like one month and a half.

As you mentioned intentional flips are typically considered inventory-This means the income is ordinary income and as such: - Is not a capital gain, so hold time of 1 year does not change to a better long-term capital gain rate - Can not be invested in a QOF Deductions related to it can't be pushed or changed- all costs are accounted for with the inventory component