The key is to only do this for 14 days or less… then you don’t have to report that money as income you made but can still count it as an LLC expense.

Can’t count on either but I like the idea of getting your feet wet!

Saint Johns is A-location, and when buying long term you may count on appreciation, great return, and minimum tenant turnover.

It os always nice to work with a seasoned pro on the other side, because you can count on them to negotiate a reasonable solution for both parties. 

We also live in Wisconsin where cost of living is relatively low.I'd still highly suggest you count for inflation in your expectations.

But a .05 difference on 10,000 pieces is $500, so every penny counts.

Between the price of the furnace and the labor it would have cost her about $3K - $4K and all she came out of pocket was the $75 site visit (and if you want to count the home warranty cost then add $550 to that). 

However, as the owner you still need to spend more than 50% of personal services and more than 750 hours on the real estate business on your own.Alternatively, short-term rentals are generally treated as active business income and therefore are eligible to offset w-2 income.Navigating the Real Estate Professional Rules"When measuring material participation, a married taxpayer is required to count any hours performed by his or her spouse, even if the spouse does not own an interest in the business or if no joint return is filed.32 While this rule is advantageous because it makes it more likely the taxpayer materially participates in the real property trade or business, it is a trap for the unwary in the real estate professional context, as discussed below in Step 3.""

@Brian EastmanPlease correct me if I am wrong but I believe airbnb or STR does not count as passive and therefore eligible as long as you put > 500 hrs/yr into the job.

@Nathan Frost This would be called a portfolio loan but most lenders with this product require a minimum unit count, usually 5 units.