Formal quote or contract in writing with clear and detailed expectations of each party.Check WI contractor licenses: https://app.wi.gov/licensesearchCheck for judgments, liens, lawsuits: https://www.wicourts.gov/casesearch.htmCheck LLCs: https://www.wdfi.org/apps/CorpSearch/Search.aspxthanks for the great advice and the references Rebecca!

If you could drop some additional references of books, podcasts, etc. for me to expand my brain on, that would be great!

I’m going to screen shot that one to refer back to.

@Jared Cooper I refer out Tracey Benson (First Sonoran Property) and she does a good job.

By the way, I couldn't find the thread you were referring to, but have come across several other interesting ones, so thanks for that. 

@Scott Bell he is most likely referring to Deal Machine.

The owner was referred to me by a mutual friend who I had asked about buying some of his properties.

If you rent out the other rooms on a full-time basis, then it becomes a rental property... or a 2nd house in which you are house-hacking.Your CPA is referring to the passive loss limitations on deducting rental property losses against your ordinary or W-2 income.

Just posted for reference of cool Airbnb’s.

I have some great subs who i could refer also PM me.