Currently I have a regular primary homeowner insurance policy on the house as it was our primary home for the past year.

Having people who know the market and can help you manage the project or property is crucial to project success, especially if you can't be there regularly to handle things that will come up.

You know I suspect but don't know for sure.. the Co owners of the fund recruited Brandon for his star power as the original face of BP and podcast host..

Both are great.Hospitable is great for a part time host. 

Good thing is they don't have rules about the interior remodeling (except the regular county permitting process).

Regular schedule updates should be completed to track the progress vs. the baseline agreed upon schedule.

They are provided with contracts to use which are developed and vetted by real estate lawyers within each state and updated regularly to stay current with changing laws. 

Hey Kevin,I am an MTR investor and co-host in North Dallas, Texas.I have not done rent by the room--- but make sure you seek out advice from the rent by the room forums.

A nice but rental quality unit gets 1500-1650 regularly in that area depending on the size and finishes.

I've read a lot of posts in the forum here on the pros and cons of this strategy... what I would love is some insights from actual PadSplit hosts on the assumptions/operating expenses to take into account when evaluating a property.