Yeah if you are doing this just to generate some extra income with 1-2 units, the work-to-reward ratio is just not there.

From my understanding, if its passive income, just a room-by-room rental, it would go on your schedule E just like any other rental. if its active, like a short term rental situation or mid-term, something like an airbnb or bed and breakfast where you're actively including extras, it would be filed on a schedule C. disclaimer, im not a tax person, so double check this with your tax pro. when you go to qualify for your next purchase, whether that's for primary or inv., using a full-doc loan... if its schedule C, you would need to do a 2 year average of this income in order to use it. its looked at as a business, and self employment income. if its schedule E, theoretically you could use the schedule E income calculations just like any other rental even after the first filing.

I co-host two REI networking groups (one is the Minnesota chapter of InvestHER) and would be happy to send you the details if you want to see what is working for people here!

Pay an extra 5k for the option to purchase the whole deal on 1/1/25 to 3/31/2025 at XX price.

As you explore different markets feel free to ask any additional detailed questions in order to compare OKC to anything you're looking at! 

@Alec Jacobs if you want to post the details on the property or DM them to me I can let you know if it's worth buying or not.

Be ready to explain the details of the deal to them. 

And DSCR lenders tend to be pickier about property details compared traditional programs, so there's not much encouragement there.

This is a very real value that you can cash in on by selling the property or pulling a HELOC and reinvesting.Appreciation details and assumptions:While real estate appreciation is not guaranteed, historical trends can offer some predictive insight.

The best option is to have a direct booking site and collect past guest emails etc using a data collection system like “Emailcollect” and remarket to them making 10-15% extra revenue because you have no booking fees.