Then again, laws need teeth to be relevant don't they.Anywhos...on a personal note, I think your one of the good guys and I always enjoy your posts.

No tax advantage whatsoever. 

I have no debt whatsoever and it feels good. 

There's simply nothing you can do to make this place cash flow except buy it for pennies on the dollar and have no repairs or rehab needed whatsoever.

Never heard of them but in this day and age there is no reason whatsoever for them to not have reviews online unless they are a questionable business.

Someday I'll be ready for this, and I can cut my teeth learning to be a landlord in the meantime.

We decided that this would be a good route for us after listening to the podcast (show 364) with Avery Carl, where she points out that you only need 10% down for Second Home loans versus at least 25% down for Investment Property Loans.However, we started talking to a mortgage lender, and they indicated that we would be required to obtain an investment loan if there is any rental income whatsoever, regardless of whether or not we self-manage via AirBnB/VRBO and meet all of the other Fannie Mae requirements for Second Homes.

I am no expert in the field whatsoever but that will be my sign to bail.

My opinion of the property owner/manager is that they have not been professional and certainly not “exceptional” with their service whatsoever.

@Florence Crosby - no problem whatsoever.