Our current manager is in Huntsville and it is becoming clear that we need someone more local to Cullman who can be on top of showing our listings and taking charge of maintenance and repairs as needs arise. 

Hi,Which is better conventional loan vs DSCR loan for rental property investment loan?

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

@Gary Tucci,A cost segregation study can definitely be worth the investment, especially with 100% bonus depreciation.Since your short-term rental (STR) is likely non-passive due to your material participation, the bonus depreciation can offset other income, including W-2 income.

I’d give the lawyer a copy of the original with notes of words you subtracted crossed out, and words you added printed in red pen where you added them.First, make sure the changes are worth the cost of review, though it should be a one time charge.

For Detroit properties specifically, the city assessor is aware that Detroit has the highest millage rates for rental properties in the state.

Keep it simple - Have one bank account just for your business / rental activities. 

Short Term Rentals and the 100 hours "trap"The Trap in short-term rental tax strategies.If you're a W-2 earner using an Airbnb to offset your salary, and you've hired a property manager, you need to read Treasury Regulation §1.469-5T(a)(3) very carefully.

Look for someone who owns rentals and does 24+ deals per year personally, not 3.

Quote from @Jeremy Jareckyj: Quote from @Lauren Kormylo: Quote from @Jeremy Jareckyj:  To keep your payout the same, you need to increase all host-charged amounts — nightly rate, cleaning fee, extra guest fees, and any additional charges such as linen or management fees — by ~14.8%.