This is advice I’ve gotten from entity formation lawyers in my area, but the quickest and most effective way to answer your question would be by having a meeting or conversation with an attorney in your area and getting the answer “straight from the horses mouth” so to speak.

@Savannah Watkins hold the horses. 

@Nathan Hann  You're putting the cart before the horse. 

Then be creative for their current use, wedding venue, events, horse boarding, mental health retreats for the rich, drug rehab for the rich. 

So if that place renting for $1k monthly is worth $50k, good ride cowboy, if it’s worth $200k, it’s time for a leaner horse.

You are a bit horse before the cart here.

Purchase price: $370,000 Cash invested: $1 This 10-acre, mountain nestled ranch in Apple Valley features both horse corrals and a second home perfect for those with a need for space and appreciation for privacy.Finally, a home with some land!

This two-home property boasts stunning mountain views with unforgettable sunsets.Exterior features include 2 horse corrals, with horse arena and barn, double-sided chicken coup, freestanding shed, and 3 car garage.

Purchase price: $370,000 Cash invested: $1 Exterior features include 2 horse corrals, with horse arena and barn, double-sided chicken coup, freestanding shed, and 3 car garage.

Running a STR is like owning a thoroughbread horse.