I have a spreadsheet I created for clients.

The seller's LLC pays capital gains tax and depreciation recapture, while the buyer's LLC uses the purchase price as the new cost basis.

In my 25+ years of representing clients before the IRS, not once did the IRS ask to prove that the payments were actually made by my client.

Many of my clients are high W2 earners who are taking advantage of the "STR loophole." 

Landlord will promptly respond to Tenant request for repairs but will not be monetarily responsible for tenant disruptions or inconveniences during habitable times of repairs or tenant/guest injuries incurred in or around obvious areas of maintenance, repairs, or construction.We are more converned about them expecting us to pay for their losses rather than getting recouped for damages to our property. 

@Arthur Savery, Many of our clients are taking a similar route. 

For every angry client we have many more that are doing just fine!

I just ran numbers for a client on a $550,000 property.

I knew that was not true because I had paid $780 a couple months before on a property in the same area and also my realtor told me that her clients had been paying that lower rate.

Time ManagementReal estate can consume all your time with endless tasks—client meetings, marketing, and paperwork.