In addition to doing regular inspections as soon as someone gives notice due and immediate inspection to determine if the unit is being kept up decent or if you need to plan on some repairs before it is turned.

I ask because a lot of new investors are getting lured into the thought of them because you get paid by the government this alleged "guaranteed rent", but that's not really how it all works.The Section 8 website for your area or the larger one should have metrics per square foot for the area.I have one section 8 rental and 2 regular rentals.

Your "buy in" funds could potentially be used for improvements to the other properties you mentioned, without triggering a taxable event.

Why not just do regular cashout refi ?  

Those people overlooking what it means to “materially participate”Here’s the Material Participation Criteria:Spend more than 500 hours on the short-term rental businessDo substantially everything for the STR businessSpend more than 100 hours on the activity and no one other individual spends more time than you doSignificant participation activity for more than 100 hours, and your combined activity in all significant participation activities exceeds 500 hoursParticipating in the business for five of the 10 previous taxable yearsPersonal service activity (non income-producing) for three of the previous taxable yearsRegular, continuous, provable participation in the business for more than 100 hoursA Cautionary Tale: The Story of JacksonLet's take a moment to learn from the mistakes of others.

Looking forward to seeing your portfolio grow.Feel free to drop me a note if you need any help with cost segregation (how to reduce your taxable income using advanced depreciation).Chris Schmidt-Löffler

That's hitting the 2% "rule", and if you can maintain regular rent on that you've really hit a home run in today's market.

Quote from @Jon Taylor: @Pete Harper - Section 721 of the Internal Revenue Code allows an investor to exchange property held for investment or business purposes for shares in a Real Estate Investment Trust (REIT) without triggering a taxable event.

Hi there,Congratulations on your decision to purchase your first small multifamily property Here are some answers to your practical questions:### Cleaning Common AreasYou should clean the common areas regularly to keep the property tidy and safe.

One of the lease for a rental is about to expire and would like to change from single family to rent by the room and try, to market for regular leasing we normally go to Zillow and advertise for free, but for rent by the room not sure which of all the sites out there will be the best option(s), some of them are for free, majority pay a monthly or anual subscription ($99 to $200).Do you have any guidance on which to select?