It's hard to just use a blanket percentage of rental income without understanding the asset condition and class.Insurance- Insurance agent can get you a ballpark on this pretty easily especially for a run of the mill 3/1 rowhome.

I can easily get what I owe for my vehicle.

If they are professional, they can explain this quickly and easily.

I personally like investing in an area I can easily drive to because it make the acquisition and management processes easier.I would select a market first and then build your team.

I'm confident I can easily double my portfolio if I was to come across the right deal.

Mine can set door codes, message (or call) guests, schedule cleaners, adjust the thermostat, monitor my cameras, & call a plumber just as easily as a local PM can, for 1% of the costHire good cleaners, a solid handyman & befriend some helpful neighbors.

It could easily be that both of you need an umbrella, or it could go on a commercial umbrella policy (if it is owned by an entity)if you have further questions, feel free to message me directly.

We still have a mortgage on it (about $500 monthly) but doing a quick online search shows easily $1500 rent.

I believe it to be an issue I can fairly easily remedy, it’s just not an issue I’ve dealt with before and wanted to ask the BiggerPockets community for advice. 

They no longer let you turn down guests easily or you get punished by airbnb by going low in the ranking.