I do have a CPA that handles all our taxes.If you are providing services, like tours, cooking meals, driving folks around, cleaning during the guests stay, then you will fall under schedule C and pay the taxes.Leaving things for folks like a welcome basket, coffee, bikes etc does not do this.

You will get to know/ask common issues/solutions in those forums and make more informed decisions.7.

We threw everything out and have been cleaning up the property.

I let them know that carpets need to be cleaned after their belongings are gone, so ask them what day/time carpet cleaning is scheduled.

@Theresa Harris given the restriction that he can't show second income source for the duration of his visa processing, what would be an ideal solution if we do want to share cost/ownership/risk/profit in real estate market?

The solution my business partner and I came up with was a sort of reverse lease option.

We don't need more "housing projects" we need real solutions.

Its efficient and clean.

She owns the property, but I take care of all STR maintenance, cleaning, booking, furnishing, etc. 

During the middle of the sale one of the pipes burst in the condo and neither the bank nor the seller wanted to pay for the repairs, so I paid about $800 to have the pipes repaired and clean up the water damage.