To get the best results, I recommend preparing a detailed scope of work before they visit.

Quote from @Ven Bud: After hearing to lot of bp episodes on negative cash flow, I have a question.I am currently living in my primary residence and planning to purchase an investment property, and obviously it is going to be a negative cashflow (bay area), but I am of the opinion that as long as the rent on the investment property is atleast going to be greater than my current primary residence mortgage it can still considered as positive cash flow investment.The investment property is going to be in a much better location (for office commute, bay area proximity) than my primary residence.

I've lost friends and family to substance abuse so it seemed like an opportunity to do some good and make money in the process.I negotiated a sweet deal, and was prepared to buy it myself, but a few of my clients expressed interest and I ended up helping two of them form a partnership.

Also, as I prepare for estimates, would be helpful to know where my in year deductions actually are.  

I am tired of preparing for the worst... preparing for the worst is killing me slowly and I might not ever make it to experience the best.

@Miguel Del Mazo I “gift” my residents a small discount on their January rent.

Be prepared to have all of your lovely STR furniture ruined with a LTR tenant. 

Make sure to prepare a professional proposal, highlight your STR track record, and be transparent with your financial projections.

But you cannot exchange from an investment property into your primary residence. 

Welcome, Maxine, to a fellow New Jersey resident.