Can we start a separate Maryland Crab Cake thread!?

But as soon as you make a direct booking site and start an escrow account (among other things) you then cross that legal boundary between a co-host and a property manager needing a broker license (depending on your state).We CO-HOST for others and remain separated from those legal parameters that would consider us a property manager.

Luckily both sites collect the taxes for our place.Our little town did implement a 1% tax that I have to pay separately.

You may pay 1.5m and up for a good one, likely more if parking and balconies, but the play is to buy a multi and then wait and in a few years, turn them into condos and sell them separately - that's how you make the money there.

This approach ensures you’re making decisions based on logic, not emotion.

It keeps each set of books separated and allows for quick analysis of each building.

That said, I personally don't think $22K/yr gross x 6 separate dwellings are good numbers for an $800,000 investment, not to mention costs for furnishings and such.

The net result is basically the same, but it keeps the two properties separate from a lenders perspective.Any low down payment money, particularly on an investment property, is going to come from a private money lender.  

Payments can be made in either 3 separate payments or in paid full around the thousand dollar range.

The loan points I am being charged are unfortunately not inclusive of loan doc preparation fees and there was an appraisal required, which I paid for separately.