Transferring your current property to an LLC typically won’t result in a tax gain or loss but could trigger transfer taxes depending on your state.

. - M: the alteration request is 100% refund for unspent nights, which is not in line with the cancellation refund policy and would leave me at a loss.

It's very misleading..I would suggest that no one should believe the claims of the programs they have..I am however devastated by my loss and was hoping for some kind of pay I worked hard to find almost $100k in surpluses and now I'm finding out I most likely will never see a payout..I have been struggling for a year trying to hang in until I got paid from them..just want people to know it's not what they claim

@Landon Lehmann many investors borrow against their primary residence equity to invest.Getting a HELOC can also be the path of least resistance and cheapest.There is risk though, that if you investment results in a loss or lawsuit that you could lose some or all of that money and more (lawsuit).Getting more insurance is typically easier than setting up an LLC and meeting all the requirements to separate your business from your personal assets.What are you doing to source potential flip properties?

As such I am able, over time, to generate a higher ROI, but with some absorption of losses along the way.  

Taxes - document your losses (actual cash out, lost rental income etc).

Obviously there won't be any 100% "safe" tenants, no matter how much vetting you do, a job loss etc. could always happen to anybody... but I feel like having one at all simply shows that they didn't prioritize keeping a roof over their head for one reason or another, among other issues.Everything else from that post, if I am referencing the same one, seems fine to me.

Hi Xavier,It’s great that you’re ambitious and have a clear vision!

But I am also having a lot of booked guests concerned about their upcoming stays because of the two storms currently brewing.I've thought of self-insuring but I've been able to find policies with good coverage that also cover the loss of income.  

If your expenses associated with the rented portion exceed the income, you may have a tax benefit if you are eligible to deduct passive rental losses from your other sources of income.