I don't mind paying taxes when I'm pulling down a profit of a few hundred grand or more.But good suggestion on doing cost segregation on the cabins.

Thank you in advance for your suggestions.

I suggest creating an LLC to manage your rental and opening a separate bank account for the LLC.

Any contacts or suggestions would be appreciated.Thank you!

If you don't have the vision to have MANY airbnbs in Champaign I'd suggest figuring out a strategy you have a long term big vision.Pros:  High cash flow (if done right), typically properties are oddly better-taken care of, sexyCons:  Management/system intensive, always on call, regulation can change things instantly  

I manage with simple notes, spread sheet, even just making tags in my phones SMS to search back and find that person every 30 days.   

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Later, I emailed them asking if they could improve how they match credit card payments and not only did they agree that it was a good suggestion...they implemented it THE SAME DAY that I emailed.

Hi BiggerPockets fam, I'll keep this post pretty simple. 

A duplex is a great way to get your feet wet in multifamily investing, giving you two rental incomes under one roof, which can be a great balance between cash flow and passive income.I’d also suggest looking at markets that offer solid rental returns.