@Stephen KunenProviding substantial services to your hosts provide suggestions that you should report it as schedule C as opposed to schedule E.Substantial services include but not limited toConcierge, meals, housekeeping, cleaning, entertainment etc.A pro of reporting it on schedule C is that losses are deductible and not subject to passive activity rulesA con is that income will also be subject to self-employment taxes in addition to income taxes.

I would say about 1 lead per month 2 if I drop off the first 3 months of no activity.

It's not in the greatest location but something we believe we can market because of multiple factors including the fact that it adjoins to a city park on one side that has nice amenities and on the other side it has 3 ingress/egress streets that deadend on the property line with utilities that follow. 

Although, it seems like a lot of effort to only make $500 or so bucks a month on a rental, well, at least if you consider that it's a much more active affair than buy/hold REI. 

We have a pretty active community in Raleigh.What makes you want to sell your townhome if its cashflowing well? 

google street view only has pics from 2011. 

The ones who are active in the local market should also be able to provide recommendations for contractors.

The owner also owns another duplex across the street.

Can the city just say "We don't want a rooming house on this street because it could negatively affect the neighborhood?"

I don't spend much time on Forums, but my nephew has recommended Biggerpockets to me as a real estate agent who would like to experiment more actively with investment.