Lets grab coffee next week and brainstorm! 

Quote from @Ashish Acharya: @Andrew Katz Since you're likely using the cash basis of accounting, income is recognized when you actually receive it.

The landlord shall not commingle such moneys with any other funds of the landlord or hypothecate, pledge, or in any other way make use of such moneys until such moneys are actually due the landlord;(b) Hold the total amount of such money in a separate interest-bearing account in a Florida banking institution for the benefit of the tenant or tenants, in which case the tenant shall receive and collect interest in an amount of at least 75 percent of the annualized average interest rate payable on such account or interest at the rate of 5 percent per year, simple interest, whichever the landlord elects.

Aren't you glad that some antisocial media influencer brought this "tax strategy" to your attention?

Lots has changed over the years.Managing it yourself from a distance can be done, but it will require your team to be built and for you to have back up strategies if guests need attention and you're unavailable. 

The struggle comes when you plan to sell, pay close attention to how the bank would treat the loan in the event you would sell.Even though its a bit more work, banks are typically open to these loans as it provides them with additional collateral in the event of default.  

Quote from @Brooke Roundy: Just received my review “Awesome guest!

None of this was brought to my attention because the showings were strategically done when there was noone in front of the property.

Hello BPP Forum Family,Currently in FHA property that I have been in for about 5 months now where I am creating value to add to equity. With the added equity and projected lower interest rates next year I am hoping to...

But don't let them know it.It amazes me how many of our members at MassRealEstate dot net have an Asset worth $300-500k Rent it for .5-1% of value and hardly pay attention to it, yet chase a tenth of a percent in CD rates;-)