People interested in this type arrangement probably don’t have access to $150,0003.

She will get a nice surprise next week when I show up at her door to (a) announce that I am her new property manager and (b) notify her that I will update her information with the collection agency she's been hiding from.Screen your applications, people!

I have talked at length with CPAs and IRS people about it and it can cause you a problem.

There are people who have an entire business helping you set up and design a STR relatively quickly (3-7 days) depending on size of home and complexity but you are going to be paying a bit of a premium but you do save on the headache.

I can see many people's recommendations in the other thread being focused on house hacking, which makes sense to me. 

Fits 11 people.

Like with so many things, awareness and access to information leads people to take less favorable options when spending their money. 

@Paul BushEr all heat lots of things - recommend doing some researching to find the case and get an understanding as that does not seem correct as you could call people to buy their underwear….

What a lot of people end up doing, and sadly I'm prone to this as well, is they spend way more time learning then they need to in order to get their first deal done.

Knowing with the FHA loan might go that route but wondering what other people would do.