I talked to 6 people this week who went out of state for more cash flow and are dealing with negative cash flow now (properties looked good on paper but maintenance, repairs, capex, tenant and PM issues have caused significant losses for them in reality).

Given the attic issue and throwing in the water issue (which will continue to be a problem) I'd just scrape and start over and do it right this time.

I personally view it as a liability protection issue and base the decision on my costs to have the LLC versus the equity contained within.

My suggestion here is for you to not advise home on any tax issues. 

The actual Booking.com site is crap and I have had issues with it, but the integration with Hospitable has not caused me any issue yet. 

And best of all, because of this reason, I’ve never had an issue with collecting rents or vacancies thanks to the location.It really comes down to the location, the team you assemble and your research. 

Hi @Bauclair Mbouadeu,I think the roof portion having 5+ years is probably far enough away for it to not be an urgent concern so that should hopefully alleviate that as an issue.

As a side note, I know there can be some issues with a landlord "acting as a utility company".

I'm told the issue is that it's hard to not step into "practicing" real estate when you're trying to share information about the property that you have under contract.

Problem with that is I would have to have to take out an original conventional loan to start, then right away refinance and get double hit with the lenders fees.I know I will run into the same issue as before where the money is essentially locked into equity because of the small loan amounts if I move forward and purchase this now house for $65k.