Is it normal that I need to do so many repairs?

If they can get you and someone else in a competition with each other, it can drive the price higher than either of you may normally pay.

Many people lease for the summer months (July-Sept) at 4-5X normal rents (up to $10k during sailing events, tennis tournaments etc.), then cut the rate for off season months to Salve Regina students, or Navy on extended TDY /training.

My question is on the timing of when to create the LLC.1) When do you normally create the LLC? 

I don't invest in them normally but numbers work and over 40k of instant equity and a double digit growth market. 

BPers, I'm trying to calculate my net cash flow and it occurred to me that in the normal formulas we tend to use, we never factor in the tax write offs.

Normally, I'll lower the price by $5,000 every week until i get an offer.  

It's not like that for normal homeowners or typical investors.

@Sean Monahan You can still inspect your properties as normal - you'll just give your standard notice and communicate that to Airbnb guests.Loftium requires long-term tenants to hold renters insurance, and Airbnb provides $1M of damage protection and a separate $1M primary liability insurance for every booking.Most repairs don't get in the way of Airbnb hosting - i.e. if the stove is out, that can be communicated to guests - and as long as repairs are made on a timely basis, there's no penalty.We sign a standard 1-year lease for the first year, and can sign a longer lease after that if both sides are happy with the process.Feel free to check out my profile and the Loftium company profile on BiggerPockets for our website with more info. 

I did a recent project where we converted a giant closet into a bedroom and added a window and a normal sized closet into the room.