The government has essentially shoved the burden of homelessness on our shoulders, promising that we will get paid eventually, but they're not considering how costly, emotionally tolling, and time-consuming it will be when we have to sue for back-rent in civil court...all the while knowing that, realistically, we have little chance of getting anything back if the subtenants "can't pay" or are judgment proof. 

My husband actually did this when he became a realtor and the process was very simple.  

We have been very blessed to have a large network of private lenders that we have built over time.

When it’s time to renew we probably won’t because of this exact scenario.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

I use a loan servicer who processes the borrowers payment and then sends to me.

Have a criteria going forward with this process. 

If I were 19, I’d work for a multifamily developer or an big time investor.

Stick to durable, affordable furniture, and you’ll have your Airbnb running smoothly and raking in solid income in no time!

@Cody Caswell depreciation, mortgage interest, insurance and one time expenses(non recurring) are considered add back expenses.