Since I'm not a pigeon forge local, I also don't have a good feel for the appropriate cost of goods and services either.While I don't necessarily suspect anything nefarious from the management company, I don't now that our financial incentives are always well-aligned. 

I’m drawn to real estate not just for financial freedom but to build a legacy for my family while contributing positively to communities.

Next up is a huge financial hit: closing costs.

As a contractor and cabinet maker it made much more sense financially to purchase a home with a rental unit and manage the property myself.

Additionally, if your goal is to maximize personal financial benefits, consider profit distributions from the property-owning LLC, which may provide tax flexibility depending on your situation.By adhering to FMV, maintaining proper documentation, and structuring the lease agreement carefully, you can optimize tax benefits while staying compliant.This post does not create a CPA-Client relationship.

Ready to learn, grow and gain financial freedom and generational wealth.

The teacher was an actual financial educator but they repeated themselves a lot and were telling the students to go in and apply for credit cards DURING the course to purchase the next course for $15,000!

He decided to switch to a finance degree with the goal of financial advising and real estate investing. 

For liability purposes our financial advisor is recommending creating a LLC for managing all of the STR stuff.

@Andrew Drasch As an entrepreneurial CPA, I believe that mastering your craft is essential, and that investing money strategically leads to greater financial success.