I'd love suggestions on what you think i should have at the residence for people's stays outside the obvious- bed, empty drawers, linens, towels, silverware, etc.. as well as any other tips or suggestions for having a successful AIRBNB property-how to price, how to attain good reviews early on and get near top of the list, etc.

So $70 - $7k - 50k + home imps = $13k gain on sale or so taxable at capital gains according to your regular income tax bracket (15-25%).Then gift her the remaining money tax free.

But for a lot of us it diversifies our investment portfolio and our regular full time job is how we make our daily money.  

Track the income and expenses of everything you do in some sort of report and review it regularly with others you trust to possibly reduce expenses and increase your income and helps your company grow.  

.), so you'll need to do regular business if you hope to make money.  

you aren't the moral police, or the regular police.. you're a landlord.      

Do not cut any corners to make a deal look better on paper but not in reality.Track all of your income and expenses that you are responsible for and review them regularly (in report form) with people that can help you possibly reduce your expenses and increase your income.  

So there's two  question I have with this scenario:1) Since I'm max out on my employer 401K contribution, can I still make contribution in the amount of $1000 after tax money out of my regular checking account to the Roth IRA account to fund my wholesale deal? 

For $250 I would probably do it myself or have one my regular contractors do it.  

Trance all of the income and expenses you are responsible for in report form and review that regularly with other people you trust and could help you reduce your expenses and possibly increase your income.