We've also advised this method to our investor clients that borrow from us.

Instead, consider a HELOC or home equity loan to fund repairs, as the interest may be deductible if used for home improvements.This post does not create a CPA-Client relationship.

I, my clients, my PM, have never had issues with it You are not clear with insurance companies by hiding it.

Reporting begins when it's placed in service, not when it’s first rented.This post does not create a CPA-Client relationship.

@Marcos De la Cruz There's no hard & fast minimum - it's based on your personal return preferences...usually I recommend to my CFO clients that they make an annual somewhat higher than what they could get by investing in the stock market.

While my local marketplace is the Greater Hartford region, I serve clients all over CT. 

But I have a client with the same type of building and has a non-conforming basement that he uses as an Airbnb and hasn't had any issues with it. 

Once you are an experienced investor and know rental rates and costs you can provide value to clients. 

@Kiran AsknaniAirDNA is within shouting distance of my clients' STR actual revenues here in Colorado.

Make sure to ask for client referrals and interview more than one company in Flint.