How AirDNA and others get the data so wrong I can’t say for sure, but I suspect it’s because they can only assume that unavailable days equal booked nights versus any number of different, non-revenue reasons, such as owners’ personal usage, repairs, etc. 

You may also want to look at a cash out refinance to eliminate one or more Heloc or a few credit cards to lower your DTI and outgoing monthly debts.A heloc is a risk since its an open end mortgage like a credit card which carries a higher risk versus a 30 year mortgage. 

Terry,Have you weighed out the pro's and con's doing a fix & flip and capital gains versus fix and hold long or short term rentals?

It's great to ask these questions in the forums to get a feel for things but it's not a substitute for getting "official" advice from an REI-savvy tax pro that you have hired.Regarding what to deduct versus what to capitalize (and depreciate over time), your tax pro can walk you through that for each line item.

I am considering constructing a modular home which should reduce the construction period to 4-6 months versus traditional home construction.

So there should be a difference if the house was damaged by flooding versus winds/tornado. 

For example, does it cover which areas are common areas versus private ones?

I watched a DYI chimney demo on a 1930's one story, in San Antonio, with a fireplace below.The fireplace it protruded from the outside wall versus being an inside fireplace and chimney.

Good Morning! I see a lot of conversation about HELOCs and HELs - but not a whole lot about a second mortgage as a option to get started. About me: owner of a primary residence, looking to get a multifamily (preferred...

@Sean Conroy, this really depends on two things: first, the land zoned in a way that you can subdivide and build more units (question for building/zoning department) and second, financial returns on doing this versus using the capital to buy.New construction certainly has its advantages on the operating side, and can often get a premium to remodeled, older units.