@Brandy Horkey that is pretty cool though, start small and it  will just keep growing! 

I’ve been growing my Airbnb business at a rate of 1 unit every 2 to 3 months and I don’t own any of them.

I know as my business grows, I would gain more benefits and be more productive,as Brent suggested.

But my gut feeling is, given the age of the carpet, stairs would be just bare 2x. 

I do need to grow my income without cutting down on the amount he pays me, so will need to figure out how to 1.) take on new non-competing projects that 2.) doesn't interfere with my hours at the contractor, as it is a stable paycheck.

Unable to obtain bank financing due to the property type (older single wide mobile home on acreage), the seller agreed to take back a note for the buyer.Sale Price $120,000Down Payment $ 7,000Original Balance $ 113,000Terms: 9.5% interest, $987.28 per month, 300 month termThe sellers, being of retirement age, wanted something more than monthly payments.

But with this kind of negative cash flow, you are betting that appreciation is growing more rapidly than the interest you're paying--just to beat putting $900/mo in a savings account.On top of that, you're still in the window where you call sell this tax free using the primary residence exemption.Using the $80K on a $350-400K multi or two $200K homes on a 30 year fixed will provide the same appreciation while having someone but you pay off the mortgage.

On a side note, if your uncle passed away after age 70 1/2, the IRA can generally be distributed over his life expectancy which will help your father in spreading out the tax payments.

Doctors used to buy old apple farms for this reason.Most of the tax shelter benefits went away.But at his age, he might not be looking for more income.

Repairs are an operating expense and can encompass around 10-15% of income, depending on age and condition of property.Gino