@Grant ShipmanIn my experience with these units are very difficult to manage and people at the 30% level also create a new set of problems.

I think you have the basics of meeting partners and people to work with in your local market and seem to be well on the way with two deals going already so big congrats there!

There's also a lot of mid-term demand in this area from people moving down and waiting on their home to be finished.

Another thing to add is the regulations, HOAs and Cities are imposing a lot of regulation on short-term rentals or rent by a room, I have seen some HOAs regulate the amount of people authorized to rent the property too.It requires to do a lot of due dilligence to begin with mainly in such big house. 

I am not a bankruptcy expert, but isn't that procedure used to release people from existing debt but not monthly expenses.  

I wanted to see what other people were using to set up their security deposit accounts? 

So I will be mainly focusing on South Florida where I have people, resources, and experience.

What’s your process for vetting and selecting the right people for your team?

Sort of a unique way to make money, meet new people and not get stuck with a tenant you don’t like for too long!

Capacity and Tolerance. 1) Capacity: how many people can you comfortably fit in the property, is there room to add more, or add more value to the tenants to increase rent.2) Tolerance: How many people are you comfortable living with, if there are vacancies are you able to handle that.House hacking is an amazing path to homeownership, and a nice low barrier to entry into self managing your properties.