Don't be like me and do this, it rarely goes well.Yes, I warn people against this all the time.

This could include a warning and a timeline to stop smoking on the property.

I'd warn you there are some less than savory/less than qualified folks out there.

Scroll down the page and look for cities above the line for good performance.https://www.airdna.co/blog/best-places-to-buy-a-va...A word of warning - from someone who’s spent waaayyyy too long playing around on the AirDNA web site: they measure profit as revenue minus mortgage.In many cities, a large chunk of the high airbnb revenues come from very specific highly desirable properties in highly desirable areas (e.g., baller properties that are downtown or oceanfront or lakefront, etc).

I never had any issues waiting on paperwork or the bureaucracy side of it like I had been warned about. 

An LLC is not a federal tax structure, it is a State derived structure to limit liability.It is not the change of being an "Inc" to an "LLC" that is triggering the deemed gain that we are warning you of. 

Warning I am not an experienced investor!

I know for a fact that the required repairs the County will force the landlord to do before they will allow someone to live here will be upwards of $50k.Let my experience be a warning to everyone here.

I do know I have been warned by various mentors not to use the friends and family option when paying contractors for renovations.

(I also had good friends who kept claiming they had “warned” me about the partnerships which strained other friendships as well.)