If you read what Mary shared, even the liberal state of Oregon allows it, though they do place a limit.The early termination fee should never be problematic if you present it correctly.

I think that is where I am not too sure if I am hitting the numbers correctly.

If you do it correctly by hiring professionals, this will be a much better experience.

I posted a question a few months ago (on an easment issue that ended up having the thread removed) and got various replies including from some very experienced RE investors. 

Am I interpreting the "expiration of a fixed-term lease" correctly?

If the above expenses and rental income are correct this deal definitely deserves a hard look... here in NJ we can' t touch these numbers...Also, how are apartments?

Hi and thanks for the replies, all.

You are correct that the tax treatment of Airbnb business (emphasis on "business") is distinct from other forms of real estate investment - and that you should get clarity about that to incorporate into tax planning and investment ROI analysis.

It has nothing to do with rent.The only correct way to estimate monthly reserves for capex is exactly what any professionally managed HOA does.

I need $5000 to finish and correct the issues.