Not going to lie, I literally lol'd when I read this.

I also just found out my Tenant lied on his application and was supposed to register as a sex offender YEARS AGO!!.

It’s not uncommon for a tenant to lie and use a friend.

If you operate an STR, gross income is your total rent paid by your guests, before any subtractions.To figure out your taxes, you take this gross income and subtract from it all allowable business expenses: marketing, education, technology, licenses and fees (including Airbnb and credit card fees), office expenses, business driving and so on.

Hey Nolan, I echo the sentiment of many of the posters here - banks will straight up lie to you sometimes regarding what options are available (especially if that particular bank doesn't offer it) 

Lie or tell the truth?

Even once when my home was broken into while I was lying in a hospital bed, the landlord made his way over.

Do not believe the lie that you can adequately manage your vacation rental with your iPhone and some far east "customer service agents" to take the occasional phone call.

I am a 30 year old technology(data science) professional who has been dabbling in real estate as a side gig.

The same issue lies with Chicago as well.- Then I checked out the Detroit market and realized that the job and population growth has declined in the past few years and landlords are finding it hard to fill the vacancies.- Lastly, I checked out the Colorado market (especially Colorado and Colorado Springs), and the property prices are high there and hence, it won't cash flow there either.Hence, while I want to begin my journey, I am not sure where to start.