I think my post is a bit all over the place just to cover the main events that tie together.  

In the event that the activity is determined to be dealing inventory by the IRS, the total taxes on the profit are high...

Understanding the impact of operation expenses and cap ex when those events occurs is really critical to the performance of real estate. 

Our units are in B+ areas so our tenants have credit in the high 700s, have over $10-20k in savings, and call us if we don't cash their check in a timely matter to make sure we got it in the rare event they aren't set up to auto pay electronically each month.

Distributions from an LLC are not a taxable event.

This step ensures compliance with local regulations.From my experience, when I had an STR in Cleveland, I only did the regular rental registration, so make sure you complete both registrations to avoid any issues.Cleveland is a popular spot for STRs, especially for visitors coming for sporting events and medical purposes.

I am new in the real estate industry and want to see if you have any tips for a new agent, also any events or recommendation to start meeting people and getting more connected to the Real Estate world.

Scott Scheel and Ray Alcorn are also very solid - I speak at their events regularly.  

In my opinion, finding people that you can trust and build relationships with is a better use of time than scouring and trying to find the latest and hottest market.  

Any suggestions on where to start, what to look for, recommended reading or social events.