Will you put it on fire sale, absolutely not, but you will lower it by 5-10% from peak.  

We have purchased moderate fixers and lived in them while improving, so we earned tax-free gains by holding those. 

Ask for either Chris Peak or Katie Tawater.Best,Mike

Earning income every month, and building that amount to an level of financial independence!

Post some numbers, but I wouldn't let one partner earn more on subleasing, period.

I guess I am lacking the long-term perspective because I have only been earning a noteworthy income for a little more than half a year.

All expenses must be paid from the IRA and all income flows to the IRA.The income from rents is typically tax-sheltered into the IRA, much like earnings in the stock market. 

You say you've been learning for the past year but based on the tone of your post I can tell you are not ready to deploy $100,000 of your hard earned money.After that, you need to establish some goals.

How much do you pay for the private money you borrow, versus what do you earn on the notes you buy with the borrowed funds?

We get around $3600/mo in bookings - the attached image shows lower earnings, but those dips are filled in with VRBO bookings.