Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

Audits are often triggered with the sale of a PMC. 

Keep doing some research and building up capital, get good at running numbers so you're ready to pull the trigger on a good deal.

LLC or Land Trust vesting is never stopping the existing lender from calling the loan, in fact the opposite, it may trigger it.

Way too expensive here and not ready to pull the trigger on first property yet.

But if bookings are slow, this is one of the few triggers you can pull that will help immediately.

Or, borrow equity out of those and put that money towards the multifamily property.You have so many good problems to have, just comes down to you pulling the trigger on which one works best for you and your goals.

You could have a penalty of anywhere from 0-5 years that would be triggered if you sold or refinanced the property.

Not sure if you used hard money or some other type of loan, but I’d make sure you don’t have a prepayment penalty that would get triggered on a refi.Hope that helps!

The important part to point out on that one, is that from a quick glance the neighborhood looked better than soooo many others, and in many ways, looks better than the ones I ended up pulling the trigger on.