STRs have very substantial tax advantages compared to other strategies as long as proper tax planning is done.Let’s start by getting an understanding of how rental property loss recognition has evolved over time.

Do each one own separate property individually?

.: I'm not aware of any requirement for this.I do provide an application because it has a lot of information necessary for tracking the individual: social security number, driver license number, previous addresses, etc.When you take over an existing renter, I recommend you figure out how to get the entire file from the former manager/landlord.

Fellow Community: I am excited to join this platform and learn from like-minded individuals about the real estate space, especially STR, MTR, and long term including section 8.  

Quote from @Catherine Sanchez: Do Not Call Rule #10: https://www.ftc.gov/business-guidance/resources/qa-telemarke...If the individual contacts you first, they have established a business relationship.

The STR Loophole (materially participate & less than 7 day rental) vs. providing substantial services.  

Ab1482 does not apply to SFR owned by an individual or couple.  

(so that substantial acquisition debt can be used while maintaining positive cash flow). 

With that being said, asking for advice and following the counsel of more seasoned individuals should not be overlooked.After walking the property with local well seasoned contractor, with plans in hand I had to swallow my pride and fixation on what I am hoping to accomplish and start with the basics.

Each property will have to be assessed individually to see what way or strategy works best.