Consider forming an LLC for liability protection or an S-Corp for tax efficiency if flipping frequently.This post does not create a CPA-Client relationship.

If it is returned in full, the pref equity will receive their accrued pref before common equity receives their accrued pref + share of profits.So, common equity has "unlimited" upside but really no downside protection.

Airbnb offers $3M damage protection insurance (AirCover) if guests don't pay for the damages they cause, and $1M liability insurance if a guest gets hurt or their belongings are stolen.That being said, I too do not allow instant booking or most last-minute long-term bookings out of nowhere.

This is a diverse market and I would be more than happy to help you protect your investment by buying right. 

Many investors switch over to these loans once they have a few properties (typically 5 on average, but you are right there in the typical fashion for property number 4)Check out these series of articles on the loan topic published on BP as well for all you need to know about this option!

The only person getting rich was my loan broker.Then, I dropped my broker and switched to dealing directly with Chase Bank.

It's been a frustrating experience, but I knew it was necessary to protect the property and move forward.Amid those challenges, I also started a kitchen renovation in my unit.

Wet signing the lease in person is the only opportunity to talk to the tenant about stuff that matters - so we quickly switched back.

RTR was helpful and supportive in switching me to a new PM team.

I use a channel manager (OR) and it has damage protection built in.