I am trying to figure all that out - is the juice worth the squeeze? 

Hi all,First time in the short term rental market and learning the ropes. 

They utilize Propertyware for the portal which is very simple and all maintenance requests and payments can be viewed in the portal.

But knowing its value is key for taxes.IMPROVEMENT VALUE:This is the value of all the upgrades you make to your property – like a new roof or an updated kitchen.These improvements can be depreciated, which means tax savings for you.3115:Filing this form can allow you to claim missed depreciation from past years.Basically you are letting the IRS know that you are moving from the standard deduction to an accelerated deduction.RECAPTURE:It's payback time!

That’s where having some real guidance makes all the difference.

A DSCR loan is going to be your best bet.Rule of thumb, 80% LTV with a decent fico score all day long.You can close in an LLC.Hope that helped!

So I have a few members of our REIA who bought into his online store scheme, anyone else out $40,000 with no one responding at all these days.

I ask that pets stay off all furniture, are crated when/if left alone, and are cleaned up after inside (fur, if applicable) and outside (pet waste).

Any & all advice welcome!

Despite all the headaches, I managed to sell it for a $300,000 profit.So what did I learn?