It seemed like most the folks you have on staff are CPA or other, but no specific legal experts.

True although the fires this year just adds to the reasons to leave California (excessive taxation and regulation, overbearing political correctness, downtowns littered with feces, etc.).

I'm specifically referring to PadSplit, a rent-by-the-room company/platform that operates in those respective areas.

@Kevin Waymire I have bought and sold 5,300 units.What specifically are you wanting to know?

There are thousands of pages on consumer protection laws and regulations that depending how you go about doing a subject to could be against these laws and regulations. so like most things - is itillegal - it depends.  

All this is why, I believe, it's a rare thing in the REI industry. 

We are leaning more toward Johnson City just due to location, size, and economy/industries that are there.

The short-term rental (STR) loophole allows for different treatment of rentals with an average stay of seven days or less, but this doesn't change the REPS hour requirements.There is no official IRS form specifically for documenting REPS hours.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

However, always stay updated on local regulations related to STRs.In conclusion, Albuquerque presents a fascinating blend of opportunities for both new and seasoned real estate investors.