You will also need to look at your articles of incorporation.  

See this recent WSJ article. 

This despite article upon article of impending supply doom!

I'll be reading over the article you linked shortly!

Fill out your article of incorporations which is not hard and you will need an EIN number so you will have to open up a Business checking account.

If you're dead-set on OOS REI, then I'd suggest studying up on the books, articles, forum posts, videos, etc. on the subject, and talking with as many OOS investors as possible (ESPECIALLY inexperienced investors who tried OOS REI for one of their first deals).

BTW I have 0 experience  I recommend you read this article on OOS investing.

Here's an article that might help: https://www.forbes.com/sites/forbesrealestatecouncil/2018/03... 

Here's an article with additional FAQs on cost segregation studies that you may find helpful.

fbclid=IwAR3Ym8qIkzl0e19FhTBJAjcXy3gJsS-VM5-c2r4v684wIQWH5MVPIjt5xfM ... if they pass proposed regulations... there are at least three different proposals in that article...As an owner of multiple STRs here - I don't mind a $200 a year tax on them... it will probably keep out many operators that are not as serious... regulations so often end up benefitting bigger operators (eg. hotels) and hurting true mom and pops.