But rule number 1 and 2 in investing is don’t lose money.

But having those rules on paper was like carrying a big stick—great to wield when needed but mostly a deterrent.

. $50 per bedroom, so a 4-bedroom house will cost you about $150~200consumables - bathroom supplies, kitchen supplies, beverage supplies: $20~30 per week, depending on how much you providewear and tear - towels, linen, kitchen utensils, some furniture: $1000~2000 per yearRepairs/replacement for things that guests break or steal:  $1000~2000 per yearAlso, if your personal use is less than 14 days a year, the entire property's expense is deductible against STR income, but if you use more than 14 days, then you will have to calculate the proportion of how many days it's rented out vs how many days you or your family uses. 

In most states, Airbnb rules are city and county specific.

I have over 50 units.

(As AZ and your current state will fight over who gets to tax your gains with the federal government.)I have to throw most of the shade on your horrible tax guy/cpa who didn’t tell you renting it out was a $50-$100k mistake. 

The general rule is: to anybody who was paid by you for services (work) or who received a profit distribution from you – if he received from you a total of at least $600 total during 2023.

seller finance opportunities are very, very difficult to find.hope this helps - happy to dialogue furtherWell in the midwest, you can still find the 1% rule and positive cash flow!

At this stage in the game I'd say as a general rule skip the mentorships and gurus. 

A good rule of thumb is to have at least $5 to $10K in reserves per unit to cover these situations and avoid financial strain.Thank you for the reply and help!