I bet you dollars to donuts it will change yours.

The above can be posted in your office, web site or given to applicants along with your application. 

For that reason your best bet is to talk to someone versed in long-term asset protection strategies, run their recommendations by a good tax planner/CPA to make sure that all checks out, and then you have a solid plan.Of course, that is probably all overkill for your first deal but it doesn't hurt to think ahead!

But if you dip it every year you are begging for an audit and I’d bet they would rule you weren’t using the property for a trade If you use 179 deductions for vehicles, make sure you keep very detailed logs.

If Broward county is anything like Brevard county, VRBOHomeaway (which is all one site now, with many brands,) will be your best bet, followed by Airbnb. 

If you truly want it to be passive income lending would be your best bet. $2M even at 10% interest is almost $17k/mo. and that doesn't include fees.

I asked them for advice on what potential investors can do to increase the chances of success with multifamily and/or get more comfortable with the intimidating factors associated with acquiring, owning, and operating multifamily property.Attended low-cost workshops, educational events, and web-based training.  

I would bet that you would be able to cash flow a little better with a large duplex vs. a smaller basement unit, but I haven't ran the numbers, only a thought.

I don't have time to search case law but I'm willing to bet this has gone to court and was ruled in favor of the tenant.

Your bet opportunity would be in the smaller counties outside of Harris county.