I had a conversation with a Probate/Estate lawyer and he suggested the following but what he said doesn't quite add up to what I have read so I want to see if I am just not understanding or if I am getting bad gouge.Advice was to create WY LLC that owns all properties, that is then "owned" by a land trust for additional anonymity, that the beneficiary is a regular Trust that owns everything else in my name.

I’d appreciate some guidance on a few matters regarding my investment properties.I recently purchased several properties in the following locations:• Ft.

Following!

Quote from @Heidi Fischer: Quote from @Aaron Zimmerman: To qualify for the STR Loophole, you need the following:1.

Just calculate the average price/sqft and use this, but this isn't good because some out of date also get sold, and the likesFinally, how closely do investors follow the 70% rule?

If you insist on staying in Chicago, follow the Orange and Green lines. 

Feel free to tag me with a follow up question. 

Your state probably already outlines the procedures to follow here.

to do an out of state BRRRR you have to do the following remotely (somehow):-find a deal that is exactly the right amount of distressed - needs a big rehab, but can be salvaged and fixed up. 

.- You close on December 10th- The property is in great shape and does not need any significant repairs- It only needs some paint touch-up and changing a couple of broken fixtures, which you do yourself- You spend the next week buying furniture, electronics and supplies and installing/arranging everything yourself- You also roll up your sleeves and scrub the toilets and sinks and appliances- You put it on AirBnB/VRBO and have your first guest renting it for the 3 days of Christmas- You second guest rents it for the following weekend and leaves before NYE- You personally clean and restock the place between these two guestsCongrats!