Apologies for the typos of the last post - BP doesn't allow modifications anymore. 

I'm coming on the forum to get some perspective and insight.

Hey @Max Dauer, so during the high season, probably about 5 hours a week.

My wife and I moved 4 yrs ago and fell in love with the area, its people and specially the food.

How are you coming up with the price?

When there's tenants already occupying the property, there's often times different leases that were signed among the tenants.Additionally, renting by room usually sees higher tenant turnover which in turn causes more work for the PM.Other challenges to consider:- Disputes/conflicts among tenants (different personalities if a tenant doesn't know the others prior)- Occupancy limits- Splitting utilities (what if someone uses more water?)

So if you had 3 rentals with losses and 2 rentals with gains, the losses from the 3 rentals would offset the other 2 rentals and the rest of the loss would be carried forward to offset other passive activity losses in future years if applicable.

I've been finishing up my Financial Planning degree at the University of Alabama.

It also depends on what you want to do with the properties.

Maybe this would also make it worthwhile to jump through the city hoops to make the basement a legal unit.Then you could maybe put a LTR in the basement who could assist with the STR in the main area.