My tenant fell over his own cane and then called 911 in the middle of the night.  

@Garrett Kroll 2-3 night minimum stay requirement over holidays is what I used to do.

Hey everyone - Wanted to confirm something before filing the taxes for my STR, which is located in Virginia.Am I able to deduct all insurance, taxes, and mortgage interest for the year if my STR was available for rent the entire year but only had renters in it for 150 nights?

If you're providing an "up-scale" environment and hope to attract more guests of this calibre (I do; they don't quibble about higher nightly rates and rarely cause problems) then I recommend white duvet covers and wash them after each guest.  

Good webinar last night but I’d like to hear if others have had and experiences with their operation. http://invest1properties.com/w...P.S.  

In doing another quick google search concerning Sherida Heinz Zenger, it wass found that she was fired from her last job as a sales associate for a night end department store in Utah called Nordstroms. 

Would myself and the other owners be able to utilize the STR loophole if it is used as a nightly rental?

I haven't personally gone yet because they are usually during a week night around 6-7pm but hope to get to one soon!

Again 20-30% is fair.I have an almost 100 year apartment building where I pay some of the utilities. 60% is a fair estimate and it's often more than that.I have a couple of older houses in 'bad areas' where the tenants regularly trash the property causing thousands of dollars in damage and move out in the middle of the night.

we are building a building just like this in Columbus Ohio except vertical. we added kitchens and all studios and common commercial and mixed it in. multifamily is much easier to finance. we got a similar valuation. we don't have to buy 1 million dollars worth of furniture either. apartment hotels are what some people call them but we are underwriting affordable housing. we copied the hotel development rezoning applications in our market but went for multifamily and I had it underwritten at 15 million and we just had the number one debt placement broker look at it and appraise it for 20 million because they added a tax abatement. hotel development works because of the nightly rate and higher occupancy and no kitchens in every unit.