Once we sale, based on other comp in the area, our net profit will be around 30K. 

I'm committed to providing exceptional service to investors and am excited to contribute to the real estate investing community here on BiggerPockets.Looking forward to hearing from you all!

Talk is talk, but valuations are based on closed sales not talk.

And it is only 1500 sqft for both units, so rent will be limited based on the small size and you still have to maintain kitchens and bathrooms for two units, which means high maintenance cost to rent ratio. 

With a background in retail and customer service, I believe I possess skills that could be valuable in this field.However, before diving headfirst into this new venture, I want to make sure I have a clear understanding of what exactly co-hosting responsibilities entail.

From a tax planning perspective, you are only allowed to start writing off the home once it is placed into service (once the lease starts).You are also only allowed to write off the depreciation, and any other costs or losses against the earnings from the property.That is, unless they get the real estate professional status, which requires 750 hours a year working in real estate.

I believe their real estate holdings was based on economic value.

I'd Consider leveraging VA services and ensuring thorough training for effective cold calling, or opt to hire a professional cold calling service.

Leverage is based on loan to value.

And to be clear, my main goal is figuring out A way to talk to the loan servicer to get the loan back in the green if it’s not already too late