(Spent over $75,000) Nov 2022: we hire a property manager to be the Airbnb host Nov 2022: We have our first Airbnb guests  ==============1) the ADU was rented for 3 months in 2021: do we take regular depreciation for the ADU in this year ?  

You could also try to get a regular job in the same industry you were in and hope this will pass with the lender.  

I guess I  am just confused where the difference is in paying for a service as a regular person vs a 1099 situation.For example, I pay a contractor $601 to repair my HVAC as a homeowner?

Splitrock on regular emails as well as a few others.

Regular insurance covers you against storms, fire, burglary (maybe), small accidents, etc.

I looked quickly through Airbnb and it looks like room rentals are going from $25 to $75 per night during peak season.I'm guessing that cash flow could look something likeMonthly CashflowRoom Rental ($500 per month * 3 rooms ) + Airbnb Room Rental ($50 per day * 20 days [subtracting days for flip days]) - Expenses ($1k) = $1500 + $1000 - $1000 = $1500Net Annual CashflowRoom Rental ($500 per month * 3 rooms *12 months) + Airbnb Room Rental ($50 per day * 180 days per year[6 month per year]) - (8.5% hotel tax + 1 sales tax) - $125 annual regisitration fee for home sharing + Using the Airbnb room as regular room rental for remainder of the year ($500 per month * 6 months) - Expenses ($1k * 12 months) = $18000 + $9000 - $855 - $125 + $3000 - $12k = $17020Start-Up CostsFurnishing common areas and Airbnb room plus purchasing pots, pans, utensils, garbage cans, etc - $5000Acquiring property with traditional financing - $30k or soI will kick the tires with lease optioning as a potential way of bringing down financing costsBreaking Even on Start-Up Costs$5000 to $35k initial start-up costsAssuming $500 per month lease option = ($5000 + 500)/1500 per month profit = 3.66 rounding up to 4 months to break evenTraditional financing = $35k/1500 = 23.33 months rounding up to 24 months or two years to break evenAssumptionsPhilly has a law that you can only rent on Airbnb for 6 months per yearI went with the higher purchase amount $150k but with the lower room rental range and middle Airbnb daily rateI'm assuming that the property will have 4 bedroomsIf my assumptions and numbers work than Philly definitely looks interesting as a vacation rental market.

Oil changes will be more frequent as mileage will rack up, and regularly scheduled maintenance windows will come up sooner (15, 30, 60k mile services).

Hi everyone,Can anyone recommend a proven and reputable real estate agent in Dallas who works regularly with investors?

Your income in your Rollover IRA (again I'm making an assumption it is a regular or rollover IRA) will grow tax deferred UNTIL it is withdrawn.

You should also consult others who are familiar with these type of auctions/sales, whether that's others who actually regularly buy at the auctions or possibly even an attorney familiar with the laws that govern these sales.And definitely do a ton of reading on the subject because there's plenty of information available online.