BIG DIFFERENCE between a a few cash flowing rentals vs retiring off of rental income.

@Phil Petite Forming an LLC in Tennessee is recommended if your rental properties are located there, as it simplifies legal compliance, avoids the need to register as a foreign LLC, and aligns the LLC with Tennessee's laws for property management and tenant disputes.

just double checked my lender is now 80% LTV for short term rentals only 85% for long term rentals

Initially we did a light renovation on the rental unit and a larger renovation on the 1st floor.

Navigating the Surge in Rental Application Fraud: A Guide for Landlords and Property ManagersIn recent years, the rental market has experienced a troubling rise in application fraud.

Quote from @Gregory Wilson:As for the second, there are only about 20 monetary numbers to be entered in Turbo Tax on a single unit rental property 1065 so it always seems to me that the $3500 would be better spent elsewhere.

They are a bad deal for homeowners and a terrible deal for rentals. 

The BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) could also be a great strategy to recycle your capital.To find deals, try direct mail campaigns targeting absentee owners or distressed properties, or go driving for dollars in neighborhoods with strong rental potential.

@Chris CoreCan’t find a rental property to cashflow?

Had excellent success self-managing as an Airbnb in the winter months and switching to a mid-term rental the summer months.