Then you have the points and underwriting and processing fee which some may only have one.Overall, there are a few items in there that seem a bit high but in the grand scheme of things they are not way overblown or super high.

I'm planning to research on these questions independently, but wanted to ask this community based on experiences. 

I understand that the IRS requires the properties be for investment, but since they were gifted, I'm not sure what they would look at to determine.   

@Declan KasterWhat type of business are you doing and what is your plan for having an online presenceHaving a presence is not a bad thing but like anything you need to have a plan on what you are doing and how it will grow your businessThink of a marketing plan within your business plan

But I have started to take my real estate endeavors serious over the last year and my studies much more serious over the last 5 months and although I may not be ready, I am ready and eager to take that leap of faith and try and put what I know into affect with the right people and obtain my first property in the West Texas area via House Hacking or a buy and hold deal within the next 60-90 days. 

I was thinking about joining a team, but I work with exp (not many teams available).

We sent a plumber and the plumber unstop it, but took pictures and it had tons of tampons etc. that plugged it.

But the turn cost exceeded $6K.

Hi Anoop,If you're looking for the best areas in Boise for short-term rental investments, I’d recommend focusing on two spots, these are the ones I see come up more frequently for investors: Downtown Boise and North End (a bit more residential but still near popular spots like Hyde Park.Good luck,Jackson

I’m new to real estate but have a background in project management.