I am researching same market and we live very close by, if you interested, we can meet for coffee and discuss.Hi @Shital Thakkar- did you end up exploring and starting the Salon Suites? 

Additionally, you do not look very good in court, when a tenant claims they do most of the maintenance beyond what I mentioned above; you may even find yourself owing the tenant for their time and labor. 

I am sure that you would think that the Turo contract would help with that, but seeing as you are providing it as a service in addition to your STR, I can see issues if there is a problem.Plus you are offering significant services with that rental and that would change your tax situation.

Bring me short sales and owners trying to avoid foreclosures, owners needing post occupancy….additionally please reach out to me if you’re holding notes in default you need off the books!!!!

I thought it would be as simple as adding up all of my losses  from Schedule 1 - Additional income and adjustments to income line 5 over the past few years. 

Assuming I could qualify financially (primary income plus FHA allowed rental income contribution from additional leased units), when I become the owner of the property, would that prevent me from using a FHA 203b to house hack a second property? 

Also future expansion to add additional buildings to rent.

Additionally, think about the rental demand in your area and how that might affect your vacancy rates.

Al,For a Flip, the usual coverage is a Builders Risk policy to cover the existing property and the additions/renovations. 

In addition to that I love accounting and tax and love helping people and pointing them in the right direction even if our model isn't a fit for them hit me up any time!