I plan to manage the bookings and do cleaning in between clients, so I will meet the "substantially all" materially participation requirement.

We've had great tenants, a good property management company, and few expenses over the past few years.

I found someone a condo in Mount Crested Butte about 6 months ago where the numbers would work to cash flow a little/break even including pricing management into our numbers. - As with most forms of real estate.

By House #4 I figured out I should do fourplexes/duplexes, and managed to get a fourplex with owner-occupant financing.

I believe, you will also need to live in Philly or be forced to hire a licensed property manager in Philly.Lastly, you cannot deny on credit alone; so it can be a very sticky situation.

I personally prefer year lease, for me it makes it easier to manage, Less to deal with.

So with that, I'm looking at putting out about $3,966 and bringing in $3,166, and that's if I self-manage.

I would also like to protect my identity and I am filing a Wyoming LLC to manage a Texas LLC.

Hi David, I'm a Realtor and Property Manager in Huntsville AL who specializes in working with investors!

I manage a hand full of STRs here in Central Oregon had some tweakers come through and do about 10k-20k in damages probably.