Each strategy offers unique benefits, and it's essential to plan for seasonal fluctuations and consider cash flow vs. appreciation.Good luck!

The income tax may be written off anyways and I benefit from the lower property tax rate.You bring up some solid points.

@Sarah Taylor From a tax perspective, you would lose the STR tax benefit if you expect paper losses from the property.

We have an excellent team of cleaners handyman and other local professionals and been in the business for five years.What are the costs vs benefits of each platform?

Lastly, don’t forget about the tax benefits, you can often deduct mortgage interest, repairs, and other expenses.If you need help navigating any part of the process, from financing future investments to managing your rental, feel free to reach out. 

We're trying to decide between forming the LLC in Ohio or Wyoming.We've heard Wyoming offers stronger anonymity with lower costs, while Ohio might provide specific benefits for in-state real estate.Can someone please elaborate on the advantages and disadvantages of each state for our situation?

Costs will be far lower, but an owner/operator would still get the benefit of staffing and material efficiencies. - You could consider owning those as rentals and leasing out to the businesses. - You could sell the land to an owner/operator who wants to build assisted living. - You could own and operate those yourself and just hire great management or bring in a management company. 

Benefits of an LLC: Forming an LLC can help separate your personal assets from your rental properties, providing an extra layer of liability protection.

I've been exploring options for a multifamily property, single-family homes, and even a luxury condo that could work as an Airbnb.My primary goal is to find an investment that has good potential for profit and tax benefits for this year.

In this group, you get many exclusive benefits, including a discounted management fee rate of 9% on all properties managed by PPMG, plus the $250 application fee for new applications is waived.This property will be one of my highest cash-flowing properties.