Create a booking policy and stick to it.

So, if somebody wants to invest with you but can't share in the losses, then they aren't really investors.Once you start "pooling" funds, my understanding is it falls under SEC rules and regulations. 

Overall, we were able to create a new product, offering a first-floor Main Bedroom Suite and three additional bedrooms on the second floor.

Create an LLC 2.

Have you heard of the "Augusta Rule" or the 14-day rule when it comes to renting out a portion of your primary residence?

And if you are looking into this just for the sake of saving the planet, 1. remember the solar industry is heavily subsidized, creating distortions in other areas, and 2. most of the solar brands manufacturing are not green at all, leaving behind a bunch of toxic byproducts + if you factor in the materials and energy consumed in the production of panels, they will never recover that during their useful lifetime. 

The idea I've seen and heard is that you create an individual LLC per investment property you own for a couple important reasons. 1.)

They don't need to give you a card, and this will actually help create a score for you. 

Cash flow creates financial freedom, appreciation does not. 

Memphis is also one of the few markets in the U.S where you can still see the 1% rule.