Income from leveraged real estate or active business income.

Great hosts will be good neighbors, will contribute to local tourism and will pay their taxes and permit fees* A major area to improve on the proposal is the 1 hour time-limit for resolving complaints.

Spoiler alert- Phx is quite a saturated STR area, and many STR's (although some are doing great) are having major occupancy issues. 

There are some concerns around taxes and insurance to be mindful of, but the job market in major Texas cities is unreal.

I have down an owner financed deal in 2024 and still actively use a HELOC in support of my flipping.  

So, really FHA is not even an option in the majority or markets today. 

Even one vacancy or non-paying tenant could potentially be a major problem.And yes, there were vacancies, and non-paying tenants, and major problems.

There are likely active real estate investing groups for Tacoma and the surrounding area.

,While no investment is completely passive, proper real estate investing should be relatively boring.You asked about the process and major considerations.

You are a renter and subletting that people rebranded to make oodles of dollars on.I would also be curious to see how profitable this is, especially as the economy continues to show more signs of major cracks