.📜 Know the rules – No "deal-making" in the forums (that means no advertising, pitching services, or looking for partners).

Quote from @Kristin Vegas: You need to really read and understand your management agreement.A good PM will send you copies of every invoice, no matter how small.

I would stay away from section 8, pull credit and background, and call referrals, and look at pay stubs for everyone who applies.

If your market won’t appreciate you obviously need way more than the 5% you can get in the bank with no risk.

Is this a loophole; use depreciation to offset UBIT but when selling there is no tax on the gain because it is an IRA?

If you don’t comprehend what he’s saying (you Brittany obviously get it) you have no business being an investor.  

It sounds like you have an un-permitted unit, which is essentially always a risk since there has been no notice to the AHJ that it exists and they can therefore initiate a code case to have it removed in most cases.

Buy their equity over time with no intrest. 

Is your Realtor an experienced STR host (more than likely, no).

This will also help assess the extent of any necessary remodeling.Give me a call.