Be clear and firm on rent payment dates, grace period and late fees.

Long term / short term etc. 3) Look Into creative ways to keep your current home.

If yes please share, especially if they are managing short term rentals tooThanks !

They have said on Podcasts that having everything in black and white makes fewer issues overall.Question: We are using RentRedi for our management platform that we set up to add 25.00 in late fees for every day after the three-day grace period.

.- Capital losses can offset gains (Short term offsets short-term and long-term offsets long-term)- Tax loss harvesting - If you have other investments (At a loss) sometimes you're able to sell them and offset your gain- Charitable giving- Paper losses from your investment propertyWith some more information, we can hone in on which options would be applicable for you.Hope this helps!

When factoring in additional costs such as maintenance, property management fees (if you do not opt for a property manager, and you should), and potential vacancy periods, the financial burden could increase.Check this out: If you're breaking even on rent at $1,600, any additional expenses or vacancies directly impact your pocket and mental health.

There are communities like Harbor Point that do allow short term rentals. 

Purchased various sheriff auctions, short sale, and just low balling.

In other words, I see the short term value in niche, but I would never want to become so niche that if I wanted to sell in 10 years I might be pigeon holing myself

Long story short, I am closing on three separate properties from three separate sellers.