We are debating whether we should turn it into an Air BnB or have a long term rental. 

Each room rents for $600, but I plan to increase as tenants turnover based on the higher demand I have experienced after the renovations.House Stats: - 5 Bedroom 2.5 Bath house - 2,200 square feet (1,100 on main floor and 1,100 on basement) - 8,300 square foot lot size - 1 car garageRenovations include - Added two bedrooms - Remodeled 2 bathrooms - New appliances, - HVAC with central air - 10' X 20' pergola over concrete patio - Fire pit area with stamped concrete patio - Landscaping - Sump pump - Radon mitigation system What made you interested in investing in this type of deal?

They're good kids (mid-twenties so kids to me) and although they could have stayed in their current home, they chose to move out and stay in an Air BnB to keep their relationship with their now ex-landlord. 

Riskier, probably, but you can buy businesses with a 2x to 4x multiple meaning that without even a loan a business for $100k might make you $25k to $50k a year.If it has to be real estate, they're going to have to do what those guys that maximum rent do, which is rent by the room or air bnb it. 

All these problem have been solved due to the passage of legislation which modifies Florida Statutes 83.59 and 83.67, the sections that define when a manager may take possession of the property and how to deal with abandoned property.

Get some good air freshener.

I have a feeling if you really dug into the remaining non-discretionary spending and took out things like Secret Service details for POTUS golf trips or the Air Force flying Congress members all around the world, the gap would close even further!  

Last month, I retired from 24 years of active duty service in the Air Force and now I'm looking to start purchasing some rental properties between Destin and Pensacola.  

Dear Tenant, I'm sorry to hear you're experiencing this but we do not provide air conditioning with the rental.

My husband and I recently returned to the Upstate after retiring from the US Air Force.