Quote from Account Closedhary Jensen: Hey gang, One thing ive heard alot from folks lately about is how they are having their spouse qualify as real estate professional status, and getting the hours for it via having them "manage the property manager" and review financial statements (known as investorAccount Closed I would be interested to hear your take on what other things can make a person a 'real estate professional'?

This sounds more like a personal loan, or if this is legit they might charge you a ridiculous interest rate.No closing costs?

I personally made some adjustments but overall it works well to analyze deals. - The weekly calls are consistent and offer great support to getting deals locked up.

Limit her contact with the potential tenant and let the person viewing the property know that the person who currently rents the room will be there.

@January Johnson is a goto person for Florida.Also, do a search on Gulf Shores and you will find more people and info.

Your $80k estimate could be legit but unless you had a contractor estimate, which we always bump up, or we personally walked the house to confirm, we use 15% of the ARV, or $94.5k in your case.

@Sushree MohantyI don't personally invest in STRs, but there are a ton of posts on BP from California investors looking to invest in both STRs and LTRs who ask for market suggestions. 

(busy, but not making our listings a priority)@Ronald Rohde I can personally (DFW) relate to this on a deep and meaningful level!

I don't know how the average person could afford this. 

I personally invest in the Ohio market, and my investments bring in good cash flow and appreciation.