If there are people not paying but still living in the units then you would see a drop in your economic occupancy number and then you may have a property management issue or may be in a state where the laws are not very landlord friendly.

My favorite $25/hr massage place is that one on the corner of Tapo and almost the 118 and my friend who's house I'm at all the time is just a couple miles past that.The answer to your question should be fairly black and white-- just run the numbers.

Should we start an LLC if my friend and I decide to partner up??

As I start out my real estate endeavor........    I wanted to solicit the experience on the forum -   in terms of deciding which state is friendlier towards landlords ....   (Delaware or Maryland)   which would you pi...

My realtor is investor friendly and she is always on the same page with me in looking at deals and offering on them.

- How can I find investor friendly or airbnb host friendly agent in this area? 

I keep on hearing different things from various CPAs (friends' ones, some I contacted, and others); also at the IRS people do not always seem to know what they are talking about.To find the right people...

My friend and his wife did that.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

Plus, no one other than your accountant (hopefully an investor-friendly one) should be advising you on all of that.