Here's a breakdown for a rent-by-the-room investment property in Denver: - 6 beds/ 3 baths- Purchased in March 2024-Monthly Income: $5,300: Master: $1000; 2 large bedrooms upstairs $900; 2 bedrooms in basement: $850 and one small bedroom for $800-$300 Reserves-$3500 Mortgage Payment-avg $500 in utilities=$1000 in monthly cash flow! 

Can he deduct the mortgage interest that is unallocated to the rental period, on his schedule A? 

I have had so many people asking me for help re financing in Mexico that I'm studying whether there's a way I can get involved in that business to be able to help them.Finally, something to bear in mind that the best deals in Mexico can be more profitable if you pay cash than a deal with a mortgage in the US.

When I look at other short term rentals online, they're all shacks for $80-100+ a day.

Go to one of your banks that you have a mortgage with and get a debt consolidation loan with a two year term that allows prepayment and has a fixed rate.

Wind insuranceGood - US territory so can get a mortgage. 

I heard that in Texas, after a mortgage foreclosure auction, when unsold properties go back to the banks, they wait 10 days before hiring realtors to sell them in MLS or via another auction.

Thanks @Dominique OsbornI made a decision a few years back to stop getting involved in online banter.The investor stayed with us for 3 years.Property was tenanted for over 2 years.Unfortunately a larger repair was needed.As much as we do our best, some things are out of our control.You lost $25,000?

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Your mortgage company dictates your insurance requirements.