They have some deceptive practices in place, especially with their cancellation policies.

My family thinks that I've totally lost my mind by buying this house, but they said the same thing when I bought my current home and I think there's potential. 

I know that most people who OWN a property and put it on airbnb claim the income on Schedule E ("passive income"), which avoids having to pay the 15.3% self-employment tax.I'm wondering if those who are practicing rental arbitrage by renting the place that they list on airbnb also claim the income on Schedule E, or if you claim it on Schedule C bc you don't own the place that you're listing on airbnb.Whether you own or rent the property that you list on Airbnb, the activities are the same: acquiring the property, furnishing it, activating utilities, listing it on Airbnb, hiring cleaning services, etc, etc.

This will help potential renters make informed decisions and avoid confusion.Professional staging: Consider staging your rental property to make it more appealing to potential renters.

I get this, but doesn't this practice seem unfair?

An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

The practicality of doing this on your site varies depending on how encapsulated the site is by the floodplain and if there is enough space to build it up with dirt, etc. 

Before proceeding with the sale, it's essential to weigh these potential downsides against the benefits of a quick and straightforward transaction.

I would be happy to do free work for any potential mentor.

Seems like the general consensus is the quality of the inputs and the ability to sensitize them is the most important aspect / biggest challenge, so that you understand the potential outcomes.