@Justin Walsh Hi Justin, I think the best way to star is getting an education because you can lose $ 20k in a blink of an eye on real estate.

I am also a Superhost with over 500+ 5 star reviews on AIRBNB.

@Andy Nanneman i can refer you to good PM in Little Rock....

Also, if the tenant paid hundreds of dollars to cover the lawn with rocks, I'm sure it looks way better than it would with dead grass or weeds 3 feet tall. 

It's definitely recommended to start the convo now so by the time the new year rolls around, you are ready to rock and roll.

One such broker in our program just last week brought us a rock solid ~$30M deal.

They have a 3.3 on Google Reviews with their only criticism being the customer service.I met with the owner of the franchise and proposed that he incentivise his employees by giving everyone on the payroll (down to the dishwasher) a $2 bonus on their paycheck for every 5 star review they get.

So, in fact, your rental gave you 2.1K  (1K in cash flow, and 1.125K in tax savings from other income).Of course, this is actually more complicated as the income above is the AGI - adjusted gross income = an individual's total gross income minus specific deductions, the tax % corresponds to your tax bracket, the deduction applies to 100K income, gets prorated up to 150K and then you can't use it (if you make more than 150K AGI, you'll not be able to deduct the rental losses...unless...and there is layer after layer of complexity).So, yes, depending on a carefully alignment of stars, you can have negative cash flow and, due to your specific tax situation, end up saving money.

The interior is all sheet rock (none of the batten strips every 4 foot on the walls and ceilings like a mobile).

One in particular i am pondering over.  2 bd 1 bath 1k SQ ft   House is gutted and has new roof and AC in the past 3 months, insulation and sheet rock on site ready to be installed.