However, if you are worried about being sued, you should use the best level of protection that you can afford.Your state laws: The laws governing asset protection vary from state to state.

People are tired of government removing property rights and coddling criminals.

I know some state and local governments have laws on STR and of course thats a important factor.

Understaffed governments don't have the manpower to look for these problems.

Go through your local SBA and/or government websites to obtain the proper documentation and do it yourself.

This thread has instilled the fear of gov (like fear of God, but with the government) regarding being audited.I think I understand what activities count towards REPS hours once I own a property.As a followup to Becca's post above, I am looking for clarity on activities specific to a property before I close its purchase. 

Your local government is there to assist you on questions exactly like this one.

There are safe financing choices for real estate ventures, including seller financing, hard money loans, private loans, government-backed loans, crowdfunding platforms, and traditional mortgages.

Building in 6 months would be a tough job for me so I’ll just find another way to keep my money from the government.

PPI, the Fed’s preferred measure of inflation, popped up last month, and PCE, CPI and PPI have been resilient to up in the face of the fastest interest rate increases in history and Quantitative Tightening, where the Fed stops buying corporate and government debt to reduce liquidity in the economy and slow financial markets.