It should be producing far better return than the passive s&p to justify the effort.Good luck

Rufo, so you are violating the HOA rules so I don't think they would cover anything if it is the fault of your guests.This will eventually catch up with you and could result in some big fines so maybe think of selling this or converting to a LTR instead.

Direct bookings results in higher revenue.  

It's completely a result of mismanagement and staffing. 

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

They are highly motivated to produce profit, and our interests are fully aligned.

The ban in Asheville proper started in 2016 though, and we don't seem to have more affordable housing as a result.

If the costs for home buying goes up for first time home buyers then the results will probably be that less starter homes will be moving in the market unless non profits and the sort step up.

He is different than a personal trainer bc at least a trainer cares about your results and isn't lying about their own. 

You can go as low as 2.5x in some cases but NJ tends to produce enough traffic/applicants where 3x should be minimum unless property is over priced.