If he has concerns about maintenance, property taxes etc already and he doesn't even own the home then maybe this should be addressed first.

That's like asking, "Does food taste good?"

hey squad - Curious if anyone knows why I keep getting messages like this on Airbnb.

The way to handle it is to allocate expenses based on the percentage of the home’s square footage used for rental purposes.Here’s how it works:Calculate Rental Percentage: Add up the square footage of both the in-law suite and the rented room, then divide by the total square footage of the house.Apply This Percentage: Use this rental percentage to deduct a proportionate share of expenses like repairs, utilities, and mortgage interest.This post does not create a CPA-Client relationship.

Hi all,I'm making a trip to KS (from CO) in a few weeks and will be seriously considering a few properties to be used as BRRR's and for mid term rentals.Question for this group:a.

This is so helpful!

@Dakota Thompson I used this to understand it as it gives a  very good example. hope it helps you toohttps://mcfieinsurance.com/velocity-banking/

As long as the tenant receives it and signs a copy, you should be good.Certified Mail works because the Courts accept this as delivered even if the tenant never picks it up.

I’m only saying this because you won’t believe how many times I’ve saved borrowers from bait and switch on this style of loan.

Am I in the ballpark that if I purchase this for $110K today, that it would yield about a 20% IRR?