It doesn't take long to learn how to spot a good deal.6.

Half the team focuses on long term rental management and the other half focuses on short term.

It doesn't take long to learn how to spot a good deal.6.

As far as the bedbug cost, I would consider how long you are willing to let the place sit empty. 

Not many people are excited to see long-time solid neighbors leave and have them replaced by a short-term rental. 

Long story short, you spend a month cleaning and renovating, then you find a new tenant after just 15 days.In total, you lost three months of rent income ($3,000) plus paying utilities ($500).

If you do, you should expect a very aggressive challenge by the IRS.At $350K of combined value it might be worth the cost to get a segregation study if you intend to keep these a long time.

I have some upcoming repairs needed that outweigh the Homestead Exemption and plan to make my primary home a long term rental in the next 7 years but the repairs can’t wait.  

@Nathan Gesner Yes, I'm fairly confident if we were to hold long term, we'll do just fine. 

Although I've considered a future line of credit against the property as my best long term option, I would need to pay down the remaining balance first.