I have this discussion frequently with my Corporate clients that always seem to borrow a little from the corp and never pay it back. 

Further, LLC s have far fewer maintenance requirements than corporations due to ensure that the “entity veil” is not pierced.  

Hi Adelaide,For STR - you are going to get most of your business from all the sports events -- racing - Indy 500, football -Colts, NBA - Pacers, WNBA - Fever (Caitlyn Clark), We just hosted the Olympics swim trials, other events include Big Ten Championships, NCAA tournaments (NCAA headquarters here), and the Combine (recruitment for NFL).We also have a pretty busy convention center -- not huge like Vegas or Orlando, but it is solidly booked year round with events like ComiCon, GenCon, Firefighters Association, Future Farmers of America, Candy Expo, and various others.For MTR, you are looking mostly at traveling nurses and medical personnel, you also may get contract workers for the larger corporations like Lilly, Sales Force, or Rolls Royce.Happy to hop on a call and discuss further.

Depends on the laws in your state and what your lease agreement states in regards to the tenant's obligation to facilitate repairs that are your obligation.

I dont think people understand and we grow older and have kids and other financial obligations 10k is not going to be some fantastic retirement  or living ..

If I flip a house and make a profit after 6 months, then buy a new property 3 months later, what taxes will I be obligated to pay?

To start: I am a GP of a fund which is a corporation investing in mortgage notes.

The only real exception to that is contractors that have all their own subs, and the corporate homebuilders that bring in their own crews to do entire subdivisions.

Caveat to OP...find a lawyer to work with what the particular rules are in your specific county, and if they are any different, or if there are any caveats here regarding your obligations that we are not exploring. 

Getting into the story behind this one..This deal was sourced from a large corporate wholesaler (no names) Originally listed as 179,999 as a "wholetail" deal with an "ARV" of 250,000 I walked the house and estimated it needed little in terms of repairs, though I knew a realistic ARV was between 215-230 However, there were tenants in the house without a lease agreement with the current landlord.