In fact, the rule of thumb in the industry is called the 50% Rule: that 50% of the rent will go toward non-mortgage expenses (vacancy rate, repairs, maintenance, insurance, property taxes, management, accounting, etc.).

I would reach out to an accountant that is located in your market to ask this question.

The issue now is that my accountant says I can't use any of those expenses he has the loan on because I wasn't legally named on mortgage or title.

Which is to provide a nice furnished location for travel professionals.

You just have to season the funds which means get it into a savings account 3 months prior to the purchase application.

As an investor and Super Host with three doors in the short-term rental market, I've honed my skills in providing exceptional hospitality.

Are you buying them off-market with a turnkey provider or on the MLS?

And now because of they cancelled my insurance policy all insurance companies are saying they will not provide insurance for my home.please advise me how to handle this situation.Thanks Neetu

That would be around $90,000 sitting in a savings account!

What do you do to your revenue predictions to account for that?