I am looking to buy long-term rental properties as a source of income from now through retirement that will leave a legacy for my two daughters.

It shouldn't be a big problem as long as the lender is very clear with the builder about the process up front. 

I think most insurance companies won’t cover long-term damage like conditions that promote mold, so read your policy thoroughly before contacting them.

In the long run, you'll be further ahead, but in the short term you will be putting in a lot of money and not getting anything back.Giving them 1 year's notice that rents will increase and letting them know they can move out at anytime with 30 day's notice will give them time to find a new place.I'm also assuming you aren't in an area where there are caps on rent increases.

So, you'd ask yourself where your lofty rental income is going to come from.The agent won't care that you don't make your rental income as it won't affect him; he already got his sales commission long ago.

But I suspect, regardless, the mid-term market is not a place for adding expensive amenities; those folks are typically on a strict budget and staying long term; the budget and often, proximity to the purpose for their visit drives booking decisions.

Depends on the lender but its usually interest only for as long as you have the loan. 

First off, I apologize for the long ramble ahead, but I want to give you all a clear picture of where I'm at.

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

Hi all,I’ve been a long-term landlord for over a decade, then I started hosting my personal vacation rentals in 2021 and now have started hosting properties for others.