Not to mention, you listed a MLS listing "expired" as a good source of off-market, lol.Seriously man, come on now, trying to flipping brand yourself a "Guru" asking people to pay $ for this kind of "tips" and "coaching".... 

@Tiffany Liuhttps://andersonadvisors.com/121-exclusion-depreciation-tips/Some good primer here.Regarding short term rental, while it is not passive income, you can do a master lease from an LLC to a Corp to regain some of the passive income in the LLC while operating the STR under the Corp.

Thanks for the tips on practical things renters love.  

What are some things i should put on the Rental Agreement to protect myself form rentals not paying or etc...And what are some tips to create a successful rental income.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Even if you purchased your home at the very tip-top of the market before they dropped by 19%, if you would have simply paid your mortgage payments, mowed your yard, and stayed in the house for 6 years (you had to live somewhere during that time), you would have made money on your home...and that was the worst drop recorded.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

We own a beautiful 7 bedroom, 8.5 bath, directly across from beach access, private pool, etc., and we aren't even booked for the peak season still.

Thank you everyone for all the tips!  

Any tips or recommendations for getting coverage in our state?