The town recognizes the importance of STRs in maintaining the local lifestyle and economy, given the significant contribution of vacationers to the area.Demand: Hilton Head Island continues to attract approximately 3,500,000 visitors annually, with the majority flocking to the island during the summer.

I’ve also had to learn how to avoid “doctrine of merger” by adding oneself as nominee co-trustee AFTER the deed of trust gets recorded.I may very well end up using local or out of state attorney’s as the years roll on…but cannot presently justify Warda’s FEE SCHEDULE For those of you that have used Anderson Business, LoneStar, Exeter, or NOTEQUEEN’S service I’d love to hear the community’s feedback regarding their cost/value provided?

Here's another example, right now my girlfriend and I are buying a house to live in together, and while we both fit all the first time homebuyer criteria of FHA, HUD and CHFA, there are only a couple organizations with down payment assistance programs in my area and they all don't recognize me as a first time homebuyer because my company owns investment properties.The good news for you is that it seems your bank will work with an organization in your area, so it really doesn't matter that the organization uses CHFA money, they all use CHFA or HUD money.

I recognize that a little knowledge is a dangerous thing, so I would love some feedback.

Sometimes you can file a form for a reimbursement of some portion of that withholding which means you cannot deduct it as it wasn't actually an expense.Think of it more as a reserve account than a true expense.If you deduct it in 2015 and later get reimbursed for it, you will need to recognize the reimbursement as income in 2016.

Hi all, My understanding of the new tax law is that it gives a 20% across the board deduction to landlords who are running their business as a recognized passthrough entity (LLC, sole proprietorship, etc.).   

But that will ultimately eliminate the 1031 advantage because as soon as you start selling the completed properties the gain will be recognized. 

Maybe with their experience they would help you recognize items that should go into your SOW that you wouldn't have considered on your own.

I am not saying that these rules of thumb cant be useful, but I am saying to recognize that they will not guarantee success or failure.

As long as you understand what you are giving up, and recognize that you are willing to do that because you are conservative and interested in higher cash flow, then you already know what you should do.