Kevin Branin not bad going from 2 SFR to a 7 unit.

Also, all it takes is 1 bad deal.

For example, if, in an 18 hour waking period, you spend 2 hours snooping through the AirBNB, writing down the makes and models of appliances, figuring out the distribution of the mini shampoos and inventorying how many cooking supplies your hosts are providing and the thread count of the sheets, then an auditor might allow you to take 10% of your total trip expenses as a deduction.If, however, in an 18 hour waking period, you spend 6-8 hours per day interviewing Hosts, researching which properties would make good AirBNBs, researching the local laws, touring properties, meeting with an agent and vigorously pursuing your next acquisition, you'd have a MUCH better case for writing off your travel expenses (but probably not your lift tickets and equipment rental).If, on the other hand, you are traveling and on vacation and just hang out in your AirBNB without actually performing any activities, then the odds that an auditor will allow any deduction at all is pretty minimal.In any audit, it would be up to you to document the business purpose of your trip.  

@Carl LeggDo you want a set of docs from a web marketing firm and a pat on the back, or would you prefer access to quality and meaningful support?

Some renovation completed, 2 units with new paint and flooring, 1 a/c unit and 1 unit in bad shape.

And yes I will be nice :) I don't need any bad karma but this was my first wholesale deal.

In our case, it was a young professional family with 1-2 children and maybe a dog who care about high quality schooling and a family-friendly home and neighborhood.  

Through my local REIA I found a fantastic partner, with all cash purchasing power and is able to do their own (quality) work.

Evening team, I'm searching for good quality and trustworthy general contractors in the Pensacola/ Milton/ Pace, Florida area for my first rehab on my next deal.

I want so badly to be one of those members posting in the "success stories" forums.