If we pay for the HOA or condo dues, we make sure that they are paid one month in advance, so again they are not late.Insurance and taxes are usually kept in reserve, or we reserve a little each month so that when it comes time to pay we have funds already in their account.

It would be a big relief to have a solid Plan B set up in advance.

Thanks in advance for your input!

@Joe Garvin 73% is great...what are the lodging taxes like in your area.My wife and I are doing a mixed use project and building in 3 suites to be used as BnB...my expectation was 30% occupancy...which seems more in alignment with the BnB industry...is the high occupancy normal for you guys? 

I hope to use my spare time to do unpaid work or otherwise to shadow an industry professional.Any advice would be greatly appreciated!

Thanks in advance :)

Why is that.Is there a reason for you not learning the regulations that govern your business in advance.

Thanks in advance.

I plan to rent first, find an agent, then look for/ wait for, a deal.Thanks in advance!

If your mentor is only mentoring advanced stategies well then you are skipping a step from the start.