So my wife and I have wondered, a) should we try and buy the most expensive house we can (that's still an asset producer) with the lease money down, so that we can later sale those for the most cash and use that money to buy more rentals.  

He did that, moved, and the replacement tenant moved in 3 days later with no vacancy.

This guy and I are both kinda cowboys so the 'shoot first and ask questions later' thing is sort of appealing... :-)

Fast forward two years later and I’ve got a great tenant that pays many of my living expenses and I’ve sold the B&B.

Best of all, you can put it in your business for liability and free up your personal credit for later use. 

It would be nice to have show notes to reference later to look up information that was mentioned on the podcasts.

I went with it because I didn't want to start with something I would later outgrow.Bests,-sOriginally posted by @Joseph Cornwell:I may be getting into STR soon, what software are you all using to coordinate booking on both sites so it cancels openings? 

He gave me a call a few weeks later and said he is very interested in selling his property and would even be willing to sell it off market to me.

Later, capital can be returned to the owner as an 'ownership draw' and such a draw is not a taxable event.Rent is a business expense for company #1 and would be income for #2.

He explains later that he likes listening to ideas that don't match his own.