My friend has received K1 documents from his accountants for several years and been paid small amounts.

PROGRAM 2 Owner use up to 3 weeks 40% of Adjusted Gross Standard FF&E in high season & 3 weeks Revenues from the Unit and accessory in low season package required.PROGRAM 3 Owner use up to 6 weeks 30% of Adjusted Gross Standard FF&E in high season & 6 weeks Revenues from the Unit and accessory in low season package required.HIGH SEASON: DECEMBER 21st - APRIL 15th LOW SEASON: APRIL 16th - DECEMBER 20thNote: The following fees are deducted from the gross revenue before the split:5% Management fee, 5% Travel Agent Commissions, 2% Credit Card Commissions, $4.00 per occupiedroom night (TRUMP Fee) & Group meeting fee may apply.Other Monthly Fees: 4% of the gross revenue is moved to the FF&E Reserve account and approximately$20 for liability insurance.Monthly Condominium Dues: $895.57 (These can be deducted from your monthly revenue)Initial Rental Program enrollment fee $500 and $2500 initial FF&E Reserve account contribution.Fees for OWNERS STAYS: In Rental Program (Optional): 1

Series LLC’s are easy as many accounts as you need! 

I was told by my tax person that I can only deduct a percentage and not the total cost of the remodel.Thank youI am not sure why your accountant would mention you can only deduct a percentage.

Maybe a HELOC because it's in your account.

However, I know that I do not want all my income to be reliant on my day job and live to watch my retirement account grow.I am probably doing better than a lot of people my age but am eager to take the correct steps to build a real estate portfolio.

Hey @Ana Mills, I also agree with separate accounts for each STR you have.

Assuming you no longer work at the company sponsoring your 401(k) you could look to move it into a self-directed account. 

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

Account ClosedI must say your post is confusingyou are entering in the DFW market but you want to find wholesalers in Indy?