Dishonesty that you can prove could result in fines from both places or even a license suspension.

I slept just fine at night.

If she wants to gift that back to you using annual gift limits that is fine. 

Starting with a SFR is usually recommended, but if you can swing a 2-4 unit out of state with a good property manager, you should be fine and you won't have to break into your planned retirement accounts to do so. 

That's fine.  

•Entities created or registered on or after January 1, 2024: Must submit their BOI within 30 days of their creation or registration.Penalties for Non-Compliance:Failure to file the BOI as required can result in significant penalties, including:•Civil penalties: Fines of up to $500 per day for each day the violation continues.

The penalty is $500 a day fine and two years in jail. 

Tim Gordon  I had a client in MS.. that got fined for this.. as well. he had big website selling turn key and taking fees on the HUD...

Just make sure you manage expectations and it can work out just fine.  

@Bill HamptonI hired a guy off BP for accounting and it was an absolute nightmare.Would HR block be fine for me currently with only 1 STR?