Next time you talk to the renter that's paying late all the time, Maybe mentioned to him or her without getting too involved in their personal life, they should seek out a temporary job a few hours, a couple of days a week until they build up enough to get caught up on the rent, and make a little pool of money to use so they don't get behind again.Some Temporary jobs can be fun, like handing out rubber id bracelets at functions to the participants, or if the person is more blue collar they have jobs for those people too more suited to their tastes. just my 2 cents.

So desirable in fact that an agent fro Ryan Serhant's office personally flew down to check it out and make an offer.

Nearly all of my incoming vacation rental investors in Colorado have dual goals -- to have an investment property in Colorado and also to use it for personal use.

@Raeshelle Cooke I think you can take out a business loan since it does not post in your personal credit.

I haven't personally house hacked a room, but I do know some people who have.

If the latter, give her notice, if the former-hopefully your lease has a clause about allowing people in to repair things (with notice) and that they (tenant and repair person) need to be respectful.

Personally, I would pass.  

Mentors for me have come in the form of friendships over time, but honestly, most of them were made at an IN-PERSON MEETUP....there is something about physical energy that makes a huge difference.Happy to connect to share some of my experiences!

How should I set up my business structure so that income from my rentals doesn’t increase my personal income reported to the IRS?

For me, personally, it's areas that are landlord basic to friendly, strong industry growth or potential growth, and personally I trade/buy/invest in houses that I see inventory pick up but the fundamentals stick meaning it's a great area.