But it’s OK to be realistic and aware that there are plenty of other asset classes and we don’t need to all obsess over buying real estate, especially in a market where housing prices and mortgage rates are both so high.

After 45 + years as a real estate investor, broker, lender, fund manager and syndicator, I’ve become aware that the “dream” of many investors and investor “hopefuls” is to be able to generate enough cash flow to live off their real estate holdings and accumulate enough wealth to make “work” optional.

Taxpayers should be aware of the criteria for this specific scenario.

Also be aware of Unrelated Business Income Tax (or UBIT) on leveraged real estate inside of an IRA.Or better yet, since you are self-employed - go with a truly self-directed Solo 401k plan, which would be a much better option and will help you avoid the UBIT on this investment.

It could be that the decision makers were not aware of the ceiling on your budget.

But also be aware it appears their platform has changed in recent years.

If something does happen you can at least show AirBNB that you stated that there may be issues and the guests were made aware of a potential problem.  

We put a sign on every property to: attract tenants, create brand awareness, and to help prevent scammers from using our properties as bait. 

It is my understanding that the LLC and DSCR loan being in the LLC still protect us if we were to get into any type of litigation with renters but wanted to open it up and see if there are any watch outs I am not aware of?

I've got a long term tenant lined up & the unit is a non smoking unit, which the applicant is aware & fine with for indoor.