I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

I do have a couple of LTRs between SFH and duplexes but looking to get into STRs and expanding my current portfolio. 

When you have a standard rental property (where you do not live), you can calculate cash flow very easily. 

An LLC can offer some protection, but LLCs are easily overcome when it comes to negligence.I think things are getting confusing.

You can EASILY retire with 10 paid off properties in Vegas unless you can’t “get by” on $150k a year.  

This city is just starting to expand with lot more newer builds coming soon and also closer to my primary home .

The posts above have some good insight and advice, and just would like to expand a couple of thoughts.1. 

We will expand the septic, add 3 bedrooms and 2-3 bathrooms.

We will expand the septic, add 3 bedrooms and 2-3 bathrooms.

If you are prudent, aggressive and the market remains steady I think you can be a millionaire in 5 years rather easily.