This might offer more security but also could complicate tax reporting.Taxation of Y as an S Corp:If Y is profitable, electing S Corp status could reduce self-employment taxes, but it also comes with more stringent IRS rules.

Lastly...and this is from an avid guest at STR...

But we've rarely had bad guests who trash the place like we do for STRs. 

Consider paying down the high-interest debt strategically if it outweighs the potential returns from new investments.Additionally, understanding Real Estate Professional Status (REPS) and Short-Term Rental (STR) tax savings can significantly reduce your tax bill while building your portfolio, enhancing your overall financial strategy.

Start by reminding everyone of the terms of the lease specifically parking and guests. 

The key to a solid investment is in the combination of choosing the right asset and creating a memorable guest experience.

My realtor is worth his weight in gold and works very hard when I have a deal going with him.

I have grown my AirBnb's into a handful Guest Favorites and rank in the top 5% and I'm always improving.

@Jay Hinrichs: said "PS Jonathon i am the dream guy all you morby folks are trying to find :) the money"JLH Capital PartnersContactLenderPodcast Guest on Show #222and further@Jay Hinrichs: said "I personally could give a rip about the buyers safety if they dont know any better and get wiped out so what.. but Sellers thats a whole different matter.. a sub 2 gone bad can destroy them financially emotionally physically break up marriages etc etc.JLH Capital Partners"@Jay Hinrichs: said "So thats the reality from my point of view I made a business out of this for many years and my dad made a business out of this in the 70s through the 80s so lots of experience at it.

These days...guests that grumble and complain about everything to try and get money back.