IMO its important to have plenty of reserves, it's not if something goes sideways, it's when it goes sideways.

Becoming an S-corp has some downsides including additional tax prep fees, payroll processing fees and lower social security income in retirement. 

If you ever need insights on financing options for rental properties, including DSCR loans to scale your portfolio, I’d be happy to help.

Additionally it will have to take care of itself so property management is included in this.

When we do our deal analysis, we normally build so that at 65% occupancy on our 1st phase we are cash neutral, which includes P/I paydown. 

If you include a low-maintenance marketing plan into your vacation rental, you’ll attract high-paying guests without constantly grinding to fill your calendar.I’ll get back to that in a minute, but first—let’s talk about your reviews.

🌟 There are definitely people in the Milwaukee area, including Bay View, who rent out rooms on Airbnb.

Background check came back with 15 collections (including from apartment complexes.)

They offer great advice on handling these situations, including tips on dealing with the sheriff and eviction procedure, as well as navigating money judgment collection.In terms of whether you should hire a lawyer or manage it yourself, it depends on the complexity of your specific case and your comfort level with the process.

Your biggest challenge will be what to do when something goes wrong: nonpaying tenants, maintenance, mother nature damage, etc.Recommend you include these in any management agreement you sign, so you're not overcharged when you need these services.