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Updated over 2 years ago,
Short Term Rental LLC/Schedule E/C Corp?
My wife and I own 6 airbnbs and in the process of buying a commercial property that has airbnbs on the second floor. We continue to get different answers from different CPA’s and Business attorneys about the proper channel to set up our business.
We are looking to place everything under a business for multiple reason including building buying power under the business and not just personal as well as being able to get an investment heloc on our current properties.
Looking for an expert who can advise on this.