Did a "hard money loan" with family using gift tax exemption and trust as collateral (despite what Dave Ramsey says, my father and I have an incredibly strong investing and personal relationship).

My husband and I are planning on putting one the rooms in our house on airbnb, either as a short term or medium term rental for travel Healthcare workers and such.

And my PMS provides damage insurance, but you could with something like Waivo. as far as taxes, the PMS applies the correct taxes and I submit them every month, so that isnt an issue.as for resources, just search this group, the topic comes up quite often.

I'm particularly passionate about Creative Financing with $0 cash.Outside of real estate, I am a Certified Real Estate Appraiser and I enjoy cooking, travel, and water sports.Excited to learn and connect with you all!

At that point, I believe I would have 20% equity and I could then go ahead and can refinance to remove the insurance fee.

If it is not in the scope the contractor will provide a quotation for the work and is not allowed to start the work until you approve the change order in writing with the defined and agreed upon price and terms. 

If people are getting free electricity and water, they tend to be a little less frugal :) .Then check on insurance costs for a MFH and add that to your projections.Finally, talk to your contractors and see what requires permits, what their experience has been in getting them to pass inspections, the timeline and the cost.Factor all of these into the decision to move forward or leave as is - maybe advertise it as a 4/1 with a home office with outside access and get more rent that way.One last point - I hope that the addition you mentioned was done with permits and is reflected on the tax rolls because if not, you may open a can of worms you wish you had not.

And I agree, scale is overrated.

Hello, my wife and I are about to close on our first house hack and we’re about to inherit two renters that are on month to month leases that are way below market rent.

I can't say the floodgates have opened, but there's enough deal flow to call it a business, and I believe with consistency it will grow over time.