In Ohio a claim on future distributions of the LLC (a charging order) is the exclusive remedy.

Document successes to build credibility with lenders for future scaling.

If you have a scenario that the area is being developed or other factors that indicate value should go up significantly in the future, it might also make sense to hold and refi your capital out. 

I plan to 1031 exchange the property in the near future (12-18 months). 

It would be a great starting point for their kids in the future if they can keep it. 

Has me curious now to look into it more for the future and maybe becoming a buyer myself.

A small tweak—like adding a cozier blanket or clearer check-in instructions—can elevate the guest experience.Create a Sense of Community: Responding to reviews lets you connect with guests, showcase your dedication to hospitality, and set the tone for future visitors.Tips to Boost Your 5-Star RatingsSpotlight Your Space with Amazing Photos: Ensure your listing photos highlight your property’s standout features.

I will keep everyone posted on my future experiences.

You are required to file a complete and accurate return, which means reporting the income that you earned along with atleast the direct expenses that you incurred on your rental.There are two comflicting forces - Your tax accountant wants to be aggressive with deductions because it will entitle you to paying less taxes(now or in the future).Your lender wants to see as much income as that will increase your Debt to Income Ratio(DTI).The good thing is that you can speak with your lender about 'one time expenses', that were only incurred in that year and are not reoccuring. 

Long time listener to several of the podcasts and am excited to be taking action towards the future I'd like to build.