So, the terms of your lease should be catered to that, with very strict insurance terms, personal guarantees behind any company signing your lease, requirements that lessee handles all repairs and maintenance, additional security deposits, and I would go so far as requiring minimum review quality for the host, limits on quality of guests they can accept, etc.And to your point about Airbnb not doing background checks, you are right.  

I purchased in 2019 and there was certainly a learning curve (understanding county rules and code, getting to know the local renter demographic, dealing with a limited pool of service providers in the area, understanding fire risk and mitigation; etc).

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best

Hey BP Community, I invest in a smaller market where the properties don't always appraise for 100k and limits my cash out refi loan options when dealing with DSCR.

This helps limit problems.

@Sharma Parth  With your total cost ceiling of $120K, paired with the objective of completing a BRRRR you are setting yourself up for failure.

Using a “primary” to cheat code wealth creation through the live in flip or house hack approach is a great way to get started, but if you just buy a primary and finance the limit of what you get approved for, you will find that primary an anchor dramatically slowing your roll towards financial freedom.

Hi All,I just got my first-ever tenant moved in this past Saturday and all was going smoothly until she called to set up her electric.

If your 2023 losses are limited, then the overflow losses from 2023 will go into 2024.If you don't do anything now and one year from now you file your 2024 tax return continuing your current depreciation, then you will have 2 years of tax returns with depreciation.

Set that aside.