Then eventually these great AirBnB's were a lot more upkeep, a much more active business than many people were expecting, then with the mix of market trends of lower occupancy during lower periods of travel crippled their ability to stay afloat for those just starting out compared to those that have been doing it for a while & have better quality residences at better prices.For Co-living, the property has to be worth while, the layout has to be setup good, the tenant pool may be a little more limited due to people having to rent with possible strangers, etc.

The dashboard is very intuitive, making it easy to manage leads, track activity, and stay organized across multiple listings.A few additional highlights about Tenant Turner that we’ve found helpful:Lead pre-screening is customizable, so only qualified prospects are invited to schedule showings, saving us a lot of time.The integration with major listing sites like Zillow, Apartments.com, and Zumper has helped increase our exposure without extra effort.It integrates smoothly with platforms like AppFolio, Buildium, RentManager, and Propertyware, which is a huge plus if you’re using a property management system.The ability to pause the service during vacancy downtimes is also a nice feature for staying cost-effective.Curious to hear from others too — especially on how the self-guided tours have gone.

Make sure to consult with your CPA about which hours can be used before starting your hours log.Here are the indicators that put you at risk of an Audit that the IRS looks at with this strategy::(Source)Real Estate ProfessionalIf you don’t have the ability to invest these kinds of hours into a property, you can become a Real Estate Professional under the tax code, or have a wife or husband become a Real Estate Professional, which then will turn your Passive Losses into Active Losses on your real estate.To become a Real Estate Professional, you need to have:(Source)As long as you work 750 hours in real estate (14.42 hours a week excluding vacation), AND half your time is spent on real estate activities (so you could still do other work for 12-13 hours a week), you can qualify as a Real Estate Professional.

@Zach Robbins  Services like rent redi cost $150 a year and provides the tenants the ability to have rent payments reported.

I hear of 10-20K more often, but even then it's investors with large teams, and in competitive markets.There are so many variables, that budget is very much dependent on the market, your goals for volume, and your ability to close.PPC cost is more clear cut - I know a couple of reputable agencies that would be able to tell you about how much you need to spend in a given market, and how long you would need to spend for.SEO is very DIYable, OR you can have an agency help with backlinks, writing content, etc.I interviewed a gal in Houston last week who has earned $300K in assignment fees YTD from all SEO leads on 1 website that generates leads across Texas.

Originally posted by @Buddy Holmes:I attended a recent webinar where a syndication principal was cautioning about the 1031 exchange ability of LP and LLC entities.He was saying the they must have a TIC form in order to conform to the 1031 rules. 

Just fill out the form and QuickBooks does the rest.Pay a vendor (pay a bill)?

You will be at the mercy and ability of the buyer to get a new loan within the window of the demand notice. 

Good post.It might be helpful to list what goes into Front End debt and Back End debt, so that people see what affects their ability to borrow money.

If two couples are splitting a bill - who gets the master or the better bathroom?