Hello everyone, first off I want to say thank you to BiggerPockets and all of the podcast guests who have made an impression on me and educated me in so many ways.

What do people think of Airbnb's "Extra Guest Fee"?

Unless you or your wife can qualify as real estate professional status and claim passive non-cash losses against your active income.

@Cody CulbersonA few things that catch my attention include the mix of gold tone and silver fixtures in the kitchen and bathroom.  

These are expensive, but cover all sorts of issues with guests that my LTR policies won’t cover.  

That being said, when they launch their next fund, they are strongly considering a 506(c) offering.https://lastmileinvestments.com/While this is not a list of people I have invested with, I will say a lot of 506(b) operators hide in plain site:- Podcast hosts and guests (talking about what they have done past tense, not current offerings)- The gurus often also syndicate deals- Rise48, per their website, has primarily (if not exclusively) 506(b) offeringsThe thing is, depending on how conservative the compliance attorney is, you can have 506(b) operators advertising like there is no tomorrow.  

The others category of investors who succeed are those who identify real estate that can emerge from C/D neighborhood status and use the voucher recipient tenants as the lesser of two evils until the neighborhood can attract better quality tenants.

REPS stands for Real Estate Professional Status—a tax designation that lets real estate investors write off rental losses (like depreciation and expenses) against other income, potentially saving a lot on taxes.

Of course I had guests checking out and back in on Friday . . .

This means that guest who are booking 14 days or more in advance can only book for 30+ days.