I’m a realtor in an area that thrives on tourism and vacation rentals.

@Stanley Nguyen Kissimmee Celebration and the greater Disney area live off of tourism.

My background is in hospitality management/tourism and now finishing up the interior architecture program at UCLA extension (this summer!).

My market has 10,000 Vacation Rentals and is nothing but tourism.

I'm in a large area that thrives off tourism and the area is booming with growth.

Most of us locals don't invest in vacation rentals and instead focus either investing in LTRs, managing for investors, or selling to retirees and investors. 99% of vacation rentals are owned by out-of-town investors looking for easy street.Give that some thought and look into property management fees, hospitality fees, occupancy rates, seasonality, flood zones, HOA fees, non-owner occupied property taxes, and the recession vulnerability of tourism-based markets.

Great demographics job growth tourism etc.

That statement requires clarification..We need to know citizenship of all participants too.Agree that you should add a competent tax CPA/EA to your team that has experience with real estate and inbound taxation.A mutli-structure entity [e.g. partnership with C Corp(s)] may make sense depending on the answers to a conversation.

I work with outbound and inbound tax all the time.

Many condos staked out their property lines right down to the water's edge and vigorously defended it.These two factors alone have had a major cooling effect on the local tourism industry.