I would take him up on it since you have absolutely no risk.Unless you sign some sort of non-compete and are not allowed to do deals outside the partnership until he recoups $500k then that would be a large potential issue.Good luck!

Active means the flipper allows you to be part of the entire experience (from a management perspective); i.e. riding shotgun.

People have very strong feelings when it comes to allowing pets but guests in the midterm space more often than not travel with pets.

Than deduct the pm fee and there could go your cashflow. 

No property manager needed and you can offset your income with tax deductions.  

I am not allowed to give personal info here in the open.But ... as the master of SEO,  dude, just do a search for my name, or, shoe size, or, eye color, and I will always be #1 on Google :D

I don't let money site in there.Also, Venmo only allows transfers to your bank of $3,000 at a time, but you can make as many $3,000 transfers as you want in succession.

I just received the following response from TurboTax regarding adding the study:TurboTax online does not allow the capability to override any certain transactions, ie; depreciation.

I rented out 2 of the 4 rooms which allowed me to bring in more than the cost of the mortgage.

As long  as the current zoning allows 4 units, it should qualify.