You'll be amazed at how it keeps you organized and prevents those dreaded oversights and costly mistakes.

Looking to purchase one and struggling with the right calculators to determine the real metrics.As I understand it (recently looked at buying a former bnb) you need to treat it like any other STR with your extra costs such as food, etc  baked in to the expenses.

However, you don't stop living because of the risks, you live one day at a time.

We looked at one through Wells Fargo a few years back, not sure if other banks have the same guidelines.

@Charles Burgess - happy to look at the Refi and provide a Quote. 

The profit will be taxed at my personal tax rate.What's the benefit of having an LLC to do flip?

We are considering properties in the Oklahoma City market at this time.

A link to FilePlace is at the bottom of every page, so it is easy to find.If you have technical issues, send an email to [email protected] and someone will help you.

@Drago Stanimirovic thank you, and you are right I will probably do cost segregation studies at some point, but so far I have still been able to get to a loss on my taxes using the straight line 27.5 year depreciation schedules, I will probably do the cost segregation studies once I can't show a loss anymore, which will happen at some point as the rents increase and the amortization schedules shift to more principle and less interest.

The medical traveler wants to work at the local hospital.