A LOT of what I have learned and the connections I've made along the way have come either directly or in-directly from this community. 

The accurate P&Ls made it so much easier for my accountant to prepare the 2023 taxes.

Eventually we will pass that responsibility on to someone on our leadership team too.So the route we chose is definitely not passive, but it also made us more comfortable with the investment. 

We're excited to have made the plunge and likely will add a second STR in 2-3 years. 

Kendall,Since you asked, here’s my story.Thirty years ago, in my mid-20s, I made a life-changing move from the San Francisco Bay Area to Ohio.

I got a letter and it just didn't seem professional in that there were grammar errors, etc. so it made me leery. 

Repairs made while the property is your primary residence are not deductible, but improvements can increase your cost basis, reducing future capital gains tax when you sell.

His family made their money with W2s and the stock market.

Purchase price: $136,000 Cash invested: $90,000 Sale price: $260,000 full renovation from studs What made you interested in investing in this type of deal?

If something does happen you can at least show AirBNB that you stated that there may be issues and the guests were made aware of a potential problem.