What type of fees, tax implications, etc are associated with this conversion?

Pay your daughter up to $12k for chores like cleaning the house, rooms, cutting grass, shovel snow, filing, data input/entry, detail the cars, painting, baby sitting, homework, envelope licking, helping you do your chores, social media posts, modeling, etc. no ss or medicare taxes if you pay her personally, as opposed to paying her from your rental company. 

I can’t tell her that I check her on social media.

@Jay Hinrichs There probably is a lollapalooza effect going on in the pricing of the assets as a result of some social proof, distortion by comparison, sense-making... around rent control, that are most likely leading people to overestimating the probability negative outcomes, which in turn leads to under prices assets.

I also worry about vacancy in this area given the social/economics. 

-For social reasons...

@Ateba Doughty you can purchase lists and compile lists from city and county for 60-90-120 days late on mortgage, pre-foreclosure, delinquent taxes, water cutoff, code violation, probate, divorce, high equity, etc. and mail or cold call.Other methods are driving for dollars, door knocking, wholesalers, craigslist, Realtors, FSBO sites, expired listings, foreclosure sites, put out bandit signs, billboards, newspapers, other offline publications.You can use pay per click/adwords, facebook, Linkedin, Youtube, and other forms of online and social media marketing.If you have a large enough budget you can do TV and radio as well.You could letter up or wrap your vehicle.

This is partially why I'd like to lean more towards an official construction/rehab company with a legit place of business, website, social media page, etc.Do people willingly give away their contractors? 

Where they live, phone number, social media, notta.Thanks.

Hi @Karla Castro we don't currently have any Airbnb rentals but I'll offer up my input for consideration.You should determine if you will self-manage or use a PM; this choice has significant implications on your cash flow.With long term rentals, you will have less turnover, which usually equates to lower costs in the long run.