Although the owner provided significant items and services to guests, they were of a type that is not unusual or extraordinary for the online rental marketplace.The IRS concluded that the net rental income from this example constituted “Net Earnings from Self Employment (“NESE”)

I'd be happy to speak with you further if you'd like to PM me.

Friedrich, I'd recommend starting with high level strategy and work your way down to granular tactical action steps which will help you identify where to focus time, energy, and resources.On a more tactical note, with $50,000 it will likely be very hard to find deals that cashflow in bigger metro markets like Charlotte, Raleigh, or Charleston.

First of all, I'd recommend identifying a strategy for your real estate investments.

I've heard that it can be difficult to house hack with FHA loans especially in HCOL nice areas (where I'd prefer to live).

I'd love to hear from local investors, new or experienced. 

I think the methodology of going out and solving peoples problems is timeless, but because the paperwork and instructions suck, and the material being almost 20 years old, I'd pass on this one.

I'd be happy to run numbers with you.

I'd seek out @Dave Foster for my next Exchange.

I'd love to have a service that does all the heavy lifting stuff for me at a decent price and also one that I can be relatively assured is backed or supported by an attorney.