The math works out online and tenants already live in these buildings so I know they are liveable; that said, I have not visited the homes or made contact with the sellers. 

The cash came from my own personal savings and my father who invested in this deal with me.

Furnishings, such as the $35,000 you spent on furnishings, would generally be considered personal property rather than real property and would not be included in the cost of the property.In a cost segregation study, the goal is to identify and classify the various components of a property as either real property (land and buildings) or personal property (furnishings, equipment, etc.).

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

I know a few of mine are Family, Health, and personal growth, but I am curious as to what others are thinking.

Online auctions such as auction.com or hubzu.com or even in person auctions. 

Hey BiggerPockets community,I'm currently diving into the Online Kentucky Real Estate Course (96-hours), and I've been diligently studying each unit.

Out of principle, i personally would have hard time looking the other way and allowing this dishonest person to take advantage of my property like this.

And a washer & dryer are critical for those of us traveling away from home for more than a few days.One of the things I love about our small 2-person Airbnb is that I never have to worry about big, illegal, violent drug parties or families having a field day jumping up and down on our beds.If single people or couples are likely to be visiting Branson, they make awesome guests. 

In any relationship, business or personal setting expectations up front can make the difference between success and failure.