@Sean KirkBuying a turnkey home can have some advantages especially when you can't monitor the property and the contractors working on it.

The property easily can be monitored from a mobile phone, tablet, laptop and/or desktop, and the software has screenshot and video capture capabilities, as well as the user being able to access and play historical footage from all or selected cameras simultaneously, if incidents need to be researched.What was the outcome?

@Walchli DonnaIs this where you take a line of credit and use it to pay your regular mortgage but put all your deposited money into a HELOC?

Properties meeting at least one of the following criteria will not be eligible for Citizens Personal Residential Multiperil coverage:Rented to guests more than three times in a calendar year for periods of less than 30 days or one calendar month, whichever is lessAdvertised or held out to the public as a place regularly rented to guests

Is there a regular schedule for the meet up?

I regularly attend workshops and seminars to stay updated on industry trends and best practices.

Years ago, when I was in the retail leasing phase, I was regularly presented with this sort of nonsense and consistently refused to sign.

Most issues will pop up in the first few months as guests use the place regularly, so have a good relationship with a handyman and maybe throw him some small jobs so that he will be on standby when needed.

You don't have the benefit of maximizing cost segregation, long term capital gain, 1031 exchange, refinancing / lending, passive income vs regular income, etc.  3. 

Some reassess taxes when a property is sold, others do it yearly or every couple of years, regardless of sales.You can ask the county assessor how they handle reassessments and whether it’s tied to sales or a regular schedule.