@Kenny HoangStarting a journey into real estate investing with a house hacking strategy within Sacramento may prove a rewarding venture.

With this new venture, we are seeking advice on the best software solutions that can efficiently handle both Long-Term Rentals (LTR) and Short-Term Rentals.I'm reaching out to fellow property managers and real estate professionals here:What software are you using that adeptly manages both LTR and STR?

I am actually open to having an experience MF investor that can provide guidance as I venture out on this path. 

@Zachary Schimenz here's some tips for your next venture: Look at what the seller paid and the date they paid.

I have 30+ years of corporate finance experience; FP&A, Supply Chain Finance, new business ventures, tech infrastructure investments, and entertainment.

As not register with the state, I have seen clients (but you can consult with an attorney on this) go with something like "Alicia and Bob Et Al Joint Venture" as the name for the IRS EIN. 

Whether you're casting a line from the shore or venturing out on a kayak excursion, you're sure to reel in unforgettable memories.After a day of adventure in Key West or on the water, unwind in the luxurious comfort of our home.This is more than just a vacation rental, it's an escape to paradise.

I am so very excited and privileged to begin my venture into this arena and cannot wait to meet some of the great people that have called this space home.

Sharing knowledge and experiences can lead to better outcomes for all of us in the REI community.Best of luck to you and your friends on this exciting venture.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.