@Sri VoodiAs long as you do none of the work on the property and hire a contractor - that’s one caveat to make sure you are compliant

The two biggest challenges I hear are not realizing the condition of the property (for example, finding out the property is in a worse condition than it is) and working with contractors (not finishing the job, taking too long, etc).

I am curious to use the hive mind to learn about best practices for revenue management for short-term rentals.One trick I have used is to crash prices for undesirable dates, or dates that would otherwise go un-booked.

Also, in terms of flooring for the storefront what material would be best in terms of money and quality? 

@Hardy Davis  As long as you've lived in the property for two out of the previous five years, you could qualify for the 121 exclusion.

Hey Colby, as long as it's your primary there is no guideline saying 15% down is needed. 

As a wholesaler I sell on what I would call auction terms.

Do I get to be part of the process, in terms of vetting out potential tenants ?

Welcome Mac, go Long Horn !!!

I bought a house with my ex, and after a few years, we split up (on good terms).