If you don’t want a gathering at your home I would just be up front and honest about that and make it very clear in your booking forms.Best of luck on your hosting Journey.

Will be following your journey, interested to see how everything works out.

Best bet is to find a mulit-family that needs work and live there for a year as the renovations are done, like a house hack.

There's plenty of people on here to help you on your journey.

Hi Marc,You best bet is to compile a list of property management companies off of Google and call each company to see if they manage the types of properties you invest in and to gain an understand of their background and track record.

Anyhow, I'm very eager to get into the game and to start my journey to have some passive income for more financial security.

I'm betting that your written agreement determines what recourse you have.3.

Based on what you wrote, I would say your best bet would be to do your next one with a 3% down FHA loan (if you're buying a 2-4 unit property owner occupied), or a conventional 5% down (if you're doing a single family owner occupied). 

@Gwendolyn Cummings, welcome and congrats on starting the RE journey!

I am the first in my family to pursue this journey and so far i've been doing the studying and learning alone.