If you discover one that sounds potentially relevant, and you have not explored it - see if you can still get hold of your accountant to ask.

This would help us benchmark and explore simpler alternatives while understanding how complex the structure mentioned above truly is.I assume they are not actively managing their business?

I can’t help you with any specific questions about any of those towns, but happy to try to answer other questions you have.

Consult a tax advisor to optimize the use of passive losses and explore potential benefits from selling stocks.This post does not create a CPA-Client relationship.

Are you planning to continue investing in the Greensboro area, or are you exploring other markets too?

Having a cashflow breakeven property with a loss for tax purposes can have some tax benefits that you should consider exploring. ...

Call the town/city hall.

Have you identified a property yet, or are you still exploring options?

The property sits on 5 acres, and after a successful first year with cash flow, I’m exploring ways to expand.Initially, I considered building another home on the property to use as a second STR.

It’s always exciting to explore other booming markets and see what makes them stand out.Happy to connect and chat more about this!