It would behoove both you and your investors to know that taxation is different for a long-term "vanilla" rental vs a rental in which substantial "hotel-like" services are offered.Usually most AirBnB can avoid the substantial services, but it's good to check in with your tax CPA/EA before you pull the trigger.

Hello Fellow BP'rs,I wanted to throw this topic out into the crowd and see how it surfs.I've been thinking of reasons why people get excited about investing in real estate, but get stuck in analysis paralysis and never pull the trigger, as I, myself, have just as much trouble with this as the next investor.There are obviously numerous, individual barriers that each person must figure out how to overcome: not enough initial capital, no connections, not enough knowledge to where they feel comfortable moving forward, etc, etc.

I would spend at least a year or two educating yourself before pulling the trigger. 

We are scoping out deals in Arkansas and are getting closer to pulling the trigger.

That turned out to be the most important decision, because I had many folks later talking about how they had many opportunities during the same time frame, but they kept looking and picking but never pulled trigger.

Congrats on pulling the trigger on your first one at 19.

I know this could trigger a due on sale clause, but that almost never happens as long as I pay the loan.  

We put alternative exist strategy triggers in our project schedules :  The triggers:Short term balloon note date- If we've borrowed $ then 6 weeks before a balloon note is due we'll start the process of paying off the balloon & move the project from a flip to a hold.Sales comparable average Days On Market (DOM) - We'll qualify a project for a flip if the sales comparable average DOM is < than 90 days.  

Think about this, where would you be had you pulled the trigger back in 2011 when you started?

I have been investing in Chattanooga, TN for over 10 years and have used multiple Realtors with mixed results. So after much debate I decided to get my Realtors license. I am already seeing the benefits. I can see hou...