Finally, short-term rentals can offer potential tax advantages, as many expenses associated with the property may be deductible.

The property is distressed (unpaid taxes for 2 years).

You must exclude the land value, typically allocated based on property tax assessments or an appraisal, as land is non-depreciable.

Certainly more areas with lower property taxes.

Most professionals will recommend a separate LLC for every $1 million in assets but I don't think that's necessary.

If you had one question for a professional house Mid-term Rental host, what would it be??

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.

It seems that investing in improvements while I still live in the home wouldn't be tax deductible.

These are professionals with additional training and a stricter code of ethics.

Your best advice would come, for a Tax Advisor NOT a Tax Preparer (CPA).