The job costs double with the amount of tools you need to purchase.

(This is about taxes)You need a Zoning Permit for Visitor Accommodation:To rent your home for stays of 30 days or fewer.If the property is not your primary residence.Housing requirementsSmoke alarms must be installed:In each bedroom.In the hallway in the immediate vicinity of the bedrooms.On each floor of the home, including basements.Carbon monoxide alarms must be installed:Within 15 ft. of the entrance to every bedroom or within 15 ft. of a bed in sleeping areas if there isn’t an enclosed bedroom.Centrally on a wall or the ceiling, but not directly in front of a door to a bathroom or within 5 ft. of a cooking appliance.Under the installation requirements for smoke alarms if they are combination smoke and carbon monoxide alarms.You can’t post signs for lodging on your home.The home can’t be occupied by more than three people (including the owner and renters) who aren’t related by blood, marriage, life partnership, adoption, or foster-child status.You cannot change your house so that it no longer resembles a private residence.Information you must provide your rentersRenters are only allowed to have guests between the hours of 8 a.m. and midnight.You must tell renters the trash and recycling collection days and any trash disposal rules and regulations.

After a year of turns and renovations, we were able to more than double rents and still keep them 20% below market.We took it to our long term lender and ordered appraisals which came in at just over $1.2M which meant I created $700k in equity (current value - current debt).The cash out refinance was $930,000 at 3.75% interest, fixed for 30 years.

I explained that I lived upstairs with my wife and daughter, that we were early-to-bed and early risers, that we weren't fond of hosting dinner parties, etc.

So I called the trustee and they said they had not received payment so my purchase should stand but to call again tomorrow to double check.

Also,I am a big fan of 3 bed, 2 bath, 2 car garage SFR's to add to my (or my clients) portfolio.

Purchase price: $187,500 Cash invested: $40,000 Bought a distressed 2 bed/2bath condo in Buckhead and renovated it.

Our place doubles as MTR and STR.

We recently bought a vacation home that will also double as a STR during the months were mountain bike season is big. 

I  ask questions over the phone ,then have them do a back ground if they look like a winner based on a verbal general info .I will do keep one more ready  but not filling out a whole app with personal info .I guess some people harvest money from apps  double triple the cost ?