Account Closed Hi Rhonda, If honest I spent about $8,000, some say its a lot, (my parents did) some say its small when compared to many programs out there, either way I took a leap of faith and saw the potential it had for my future.  

That's aside from a renter placement fee (from a property manager or real estate broker), so with that into account, it could be about $3000 into the red on year one of a rental lease.

If she's 70 and still working, my guess is it is not a high paying job and she should have some pension she's also getting.As Kevin mentioned, there are a lot of charitable organizations that will help people out in this situation, especially if they are seniors. 

Feel free to inquire about their staff qualifications if it's a larger organization.2.

In the meantime I would put the money in a low risk account gaining 4-5% which for $250k would be around $1k/month.Hey Chris - what is driving the sentiment not to buy anything right now?

Naturally, they are your competition and the daily rates need to be taken into account.

Account Closed, we’ve never self-managed.  

I do the same for my LTRs, tenants have to get their own utility accounts and they are fully responsible.

This approach avoids downtime and lets you start earning right away.Future Bookings:Taking over bookings can get tricky since Airbnb doesn’t allow direct transfers between accounts.

Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Investors should research the SEV and the Non-Homestead property tax millage rates to project what the property taxes will be after adjustment.