I could talk about this for 10 minutes straight and it's a pretty personal decision with positives and negatives to each.

@Miguel Del Real if you are just starting out, and maybe you’ve never bought your own personal resident, it is risky to not have somebody in your corner.

Quote from @Melissa Rivera: When a tenant is late, your policy should be that payments must be in full and with a money order or cashiers check.I would contact the tenant and tell them you will not accept or cash the personal check.

Personally, I think it’s important to continue to stay creative and generate new ideas on all facets of the business as legal restrictions continue to present themselves.Have a good one!

What consumables do you provide your guests in your short-term rentals?

Some versions of consumer software like TurboTax also have that option, but I think it's only in forms mode.

I would personally screen my MTR tenants and have them sign a lease.

The cash came from my own personal savings and my father who invested in this deal with me.

Personal assets/liabilities:Primary Residence: Have less than 20% equity in this, rest is owned by bank at high interest rate close to 7%.

Thanks Linda Weygant have you personally done a cost seg on an SFR/STR before?