Since that time (Oct 2013), we haven't generated any leads and spent about $1,800 on PPC.

What are you doing to generate leads?

There are plenty different owners some individuals and some LLCs in that area.

I was actually wanting to post these questions, while waiting, to see if I could generate some extra thoughts.

After a refi your interest exp on taxes, individually, is limited to your initial loan amount amortized/basis, in an LLC the funds need to be reinvested for a business purpose or held in the LLC to be a valid expense.

In the future, you couldI think you should explain to the original tenant that you have a duty to protect the neighborhood you invest in, as well as yourself, and so background checks must be completed on both individuals in order for them to live there; which includes the submission of a completed application and application fee.

Many of these could have been prevented if the individual would have spent a few hundred (sometimes more) dollars on an attorney with KNOWLEDGE OF THE AREA.

What sort of documentation can I generate to help tell its story, or am I only going to have to rely on the yearly tax statements from airbnb?

Here's the definition of investment: An asset or item that is purchased with the hope that it will generate income or appreciate in the future.

It all really varies on the individual and what they want.