So your super basic P&L may look like: $30,000 Rents-$3,000 insurance expense -$9,000 interest-$3,000 taxes-$8,000 operating expenses-$14,000 depreciation ----------------$7,000 loss on paper for the year  so negative taxable income But remember- $14k of that (depreciation) was something we didn't actually spend money on- so cash in bank at year end would be $7,000. 

During the entirety of 2021, I hosted monthly meetups in Fairview Heights, IL (just outsde of Belleville) that brought in real estate investors from the metro east.

So you can bank the difference.

Getting into real estate doesn’t have to mean having millions in the bank.

The work around was a Mexican bank was the owner and lease it to the foreigner.

I have supplemental insurance so I am of the mindset that they should get rid of this bogus insurance and lower my host fees..

Should I talk to an appraiser before the bank gets an appraisal?

I run multiple properties in B or C area and I maintain super host status every quarter.

Quote from @Will Cruz: Does anyone know of a Bank that is willing to do a HELOC on an investment property?

Fast forward 20 years: I now have money in the bank, excellent credit, live modestly on my own, and run a business that’s doing well.Unfortunately, I wasn’t able to save much for retirement during most of my life.