Think of it as starting a business, no one who has done so has had things go perfectly.

Water tank should be yearly.You can do it Kyle.

While multi-family is a perfectly good place to start, I would tell you that it is often more competitive than single family homes… maybe just due to there being less of them in general, and being more desirable by investors.  

It is 100 years old and not perfect, but has the charms of an old house that guests appreciate.  

I can send over some recs for others as well @Steven Clarke Yea that would be perfect. thank you!

You’ve got the right idea when it comes to liability protection and separating the income for tax purposes, but there are a few things to consider with the "due on sale" clause.When it comes to paying the down payment, it’s perfectly fine to use your personal account to cover it since you’re personally guaranteeing the loan anyway.

I actually had a Financial math class in HS and we watched shark tank for 2-3 months.

We took a small loss on our cabin in the Smokies year 1, but saw about a 20% Increase in revenue year 2 due to gaining traction on the booking platforms and perfecting our pricing strategy.If you can't stomach the heavy losses might be worth selling before you get to the down months.

(about $20K in profits) I've developed and perfected a strategy to manage these tenants (and I'm a Hilton/Marriott hotel General Manager so its not difficult for me)The only thing(s) that are in our way from scaling quickly is;1) a consistent unlimited supply of tenants looking to rent bedrooms, 2) a partnership with a rental management company (we arbitrage 50% of our homes)3) I guess some capital but really only depending on how quickly we decide to scale.MyRoom is the name of the company, (lazzarapm.com) anyone have any thoughts, recommendations, suggestions on how to achieve this, FAST?

There' certainly no right and perfect answer as everyone's situation is different.