The property is located near two colleges, so I’m focusing on student tenants and planning for 12-month lease terms.Do you have any tips or advice for renting by the room?

My name's Cody, I have been listening to the podcast for years, and I've read all the books.

Hope this helps!

Have helped multiple clients maximize their house hacking properties this year as well. 

As Michael mentioned you just need to respond to the IRS and state this is what you're doing.

you are in the right place for learning . every day read as much as you can and soak up all the invaluable knowledge here on these posts .

The most information in this thread is not accurate.

This is not the way to analyze a deal.

Line Item Fee Collected Rents 10% of All Collected Rents New Tenant Search & Onboarding $500 Business Hour Service Calls $80/hour + Materials Cost + Tax After Hour Service Calls $110/hour + Materials Cost + Tax HVAC Cleaning & InspectionGutter CleaningSpring/Fall Exterior CleanupSeasonal Mowing & Weed TrimmingSeasonal Snow PlowingGeneral Contractor Vendor Cost + 10% Oversight Fee

Quote from @Fernando NA: Hello everyone,I’m considering purchasing a piece of land near Divide, CO, to build a small off-grid log cabin and list it on Airbnb or similar platforms.For those of you who live in the area or have experience with this, I have a few questions:>Is it possible to list such a property on Airbnb given the local regulations?