This would make it into two, two bedroom units with the intent of making them long term rentals.I'm guilty of having a lot of projects going at once so my focus right now is bringing the cottage to a point to refinance out of the private money and either make it our primary residence for a year for the financing perks or to go straight into a short term rental.With the four bedroom house I'm trying to decide if it's worth splitting into two units or if I should keep it a four bedroom rental.The cottage I'm also tempted to do mid term with to lower the turnover and maintenance but open to suggestions.The third property I'll probably just let the current renters pay the mortgage for the time being if I'm able to acquire it anytime soon.

The best part is, it's free for you to use and also checks their vet/shot records!

They need a wide berth.But, the good part is that we have a blank slate to work with.

In the operation, you should use a third party dynamic pricing platform that will adjust your night rate automatically based on the data they have in the area. 4.

Then, I go upstairs and upstairs again if there is a third level.

You could also explain that keeping more liquidity helps you address any potential issues quickly, which benefits both parties.

But unrelated parties who may move out w/o the others it does get to be a bit more tricky. 

@Rud Sev Your Section 1231 losses from the sale of rental properties were likely correctly reported on Form 4797 (Part I) as ordinary losses, allowing them to offset all types of income.

Something to note is that you and your immediate family be able to use these properties personally in any way and you should have a 3rd party property manager.

Proper structuring with professional guidance is key to achieving both parties' goals.This post does not create a CPA-Client relationship.