It’s advisable to consult with a tax professional or financial advisor to determine the most appropriate approach for your circumstances.

In addition, somebody else is paying off your mortgage and the property can be a good tax write-off (consult with a professional).

Consult an STR expert and hire an inspector for confidence.

I have consulted with a few attorneys over the past couple years regarding this and have determined that for my own personal situation, umbrella insurance provides sufficient risk mitigation for my situation at this time.

Always consult with your attorney before you rely on the above information.

Consult a CPA to align the choice with your retirement goals.This post does not create a CPA-Client relationship.

@Paul BogardTo rent out multiple bedrooms in Philadelphia, understand zoning regulations, consult a knowledgeable real estate agent, hire a property manager, and consider multi-unit properties, student housing, and co-living spaces.

Myself being a GC, developer and construction consultant as my main business... the question of GC licensing has never been a factor in lending or in selling for me. 

Dan, If I can help with a consultation for the Sedona property, just holler.

Always consult with your attorney before you rely on the above information.