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Updated over 1 year ago on . Most recent reply
Perminant Residence w/ ADU (Wanting to use for STR)
Hello Everyone. I am looking to relocate to San Diego and have been looking at properties with an ADU. Does anyone have any resources that could educate me on how this portion of the property could be placed in an LLC, depreciated, or other potential business advantages/disadvantages or other considerations? I am wanting to be in the area and it seems like a good strategy to offset some of the cost of the high mortgage for my primary. Thanks in advance!
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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
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#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
Pro Member
#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
Hey @Jacob Carroll, this is a question for your CPA, but here is a pretty good article on the subject. It is about CA as well.