Naturally, they are your competition and the daily rates need to be taken into account.

Account Closed said, income and assets are the only "hassle" with a conventional loan.

Money was deposited into my account the day after checkout.

And that's not even taking into account the regular tenant BS.

However I like to run my numbers conservatively and account for cap ex, vacancy, maintenance reserves 10/5-7/5-7% respectively.

I managed my own Airbnb account for the first 3 months after handing it over to Evolve.

Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Investors should research the SEV and the Non-Homestead property tax millage rates to project what the property taxes will be after adjustment.

@Armell MayersBigger Pockets is a great place to find a real estate tax accountant.

We have a partnership entity, so it has to file separately and needs balance sheet accounting.

Wow yes I feel like I'm hearing first-hand how wrong it could go, but I have a few questions and concerns if my standards will follow suit of the unlucky investors:-For sure I would want to work with Class A or B rentals (I had a property 5 min from my home and the tenant was HORRIBLE, so a reliable renter is CRUCIAL), but not sure if my price range would find such a tenant.