Either that or gping with my other option of installing a bathroom on the second floor and including it with the garage as an office space.

We simply include the tax on the invoice sent to guests, which makes it easier to track and ensures we're covered for tax purposes at the end of the year.For Chicago, I’d recommend checking directly with the city’s tax office or a CPA, but generally, you’ll need to register with the city, collect the hotel tax from guests, and remit it on a regular schedule (likely monthly or quarterly).

Hello AllI have a opportunity to purchase a 3 unit rental property. how should I structure the offer and what should be required in it.Does the seller provide a fee and clear Title with Title insurance, should the seller be required to evict the tenants before I purchase, what verifications or contingencies should i include. etc......ThanksJeff

Prohibited offsite booking activity includes, but is not limited to:   Providing contact information prior to booking (phone number, email, website, etc.) 

- Run your numbers (including all operating costs including property mgmt) based on current rents in AS IS condition and renovated.

Will they also include me in part of the lawsuit?

Previously I'd always used Stessa, which has a great Net Cash Flow statement view, breaking down the usual income/expenses, but also includes a section for Interest/Principal, and another section for CapEx. 

You'll want to take a spreadsheet and create a list of all properties you've purchased...particularly in the last 36 months and include the address, lender, purchase date, either rent you receive or disposition date, how much you sold it for, how much you rehabbed it, etc.

Augusta indeed offers great potential with a strong rental market driven by factors such as population growth and a stable job market.

Biggest lesson here for everyone is NOT to include utilities EVER!!!!!