In fact, there're several "layers" of restrictions, including "at-risk" rules, basis rules for pass-through entities, hobby rules, new (as of 2021) "excess business loss" rules, special rules for Section 179 and business interest, self-rental rules, vacation homes rules, and more. 

He was successful because he was on a learning journey and we all enjoyed taking the ride with him.

I'm using the ENEMY method, AirDNA, Mashvisor, Revedy, and Pricelabs for comps and analysis.I was able to select the market and community that is marketed as vacation rental homes and most of the houses are set up as STR.

Turnkey Vacation Rentals is used by some of my clients across Texas

I would stick to vacation areas that thrive off of tourism and welcome STRs year round.

I received a $4500 quote for 3 trusts/LLCs for asset protection with no operating entity, the support staff don't seem to know what is going, I get different pricing at different times, if Scott is on vacation, you are done.

Most people that I talk to about it give me strange looks when I tell them that we own rental properties but basically live in a tiny house (400sq ft RV) ourselves.Eventually, we'll go back to having our own brick and mortar house, but this season is actually pretty fun for us and we've really been enjoying it.

Home warranties aren’t a good idea for vacation rentals.

After enjoying a net income of $36,000 per year on a net $67,000 investment, I sold the real estate to the operator for $335,000.

@Allen Moore I really enjoy section 8 or as we call them in NYC programs.