However, be careful of taking on too much debt.  

For a large landlord, they can charge top dollar rent and evict quickly without caring about what's going on with tenants. 

You need to be careful around the risks of sudden price changes, market stoppages and watch for transaction fees.

Pad split is great but you need to be careful what cities you do it in cause it will bite you if done wrong 

If they have been paying on time and taking care of the place, there is no need to screen them.If they want their friend or family member to live with them, then you screen that person and decide if you want them living there. 

Cost segregation is best for long-term holds and should be carefully planned with a CPA to align with your broader tax strategy.This post does not create a CPA-Client relationship.

Quote from @Jonathan Vinas: Quote from @Ashish Acharya: @Jonathan Vinas Operating a self-managed STR in North NJ or the Catskills is feasible with careful planning.

There is some room for creativity here, but it takes careful planning and execution, and there is only so much you can push it before crossing the line from aggressive but legal to reckless and punishable.GROUP 2: Tax strategies that do not belong on the EOY to-do listForm an S-corporation.

Google is definitely strict about virtual addresses, so I’d tread carefully with services like iPostal1.

I really could not care any less how he does business.