Begin by educating yourself through books like The House Hacking Strategy and podcasts like BiggerPockets, and join online communities for support.

I think that strategy works best in higher areas or mid term rentals near major employers.  

A CPA can ensure proper filing of rental income on Schedule E and help identify tax-saving strategies, such as optimizing deductions for maintenance, repairs, and travel.

. - It’s recommended to have clear agreements outlining each party’s responsibilities, profit-sharing ratios, and exit strategies. 4.

Try not to get overwhelmed as there’s a lot of information on BP and many avenues within real estate investing.When I was starting out, I was interested in so many strategies, but I discovered that I did my best when I focused on one or two and really built my knowledge around them.

Also because they focus on one strategy. 

Their experiences could offer valuable insights and strategies to help you navigate the market.Good luck on your journey! 

Marketing & Bookings: Besides Airbnb and Vrbo, what strategies help drive direct bookings?

Chicago, with its vibrant neighborhoods and strong rental market, is a prime location for this strategy.

What is the best strategy in your opinion to niche down on a target audience in any given market?