The real estate company, Propertia Bali, is also run by Europeans, so that helps.

And at that point, you amortize them over 180 months.Example: You run up $75,000 of startup expenditures in year 1 and then start STR January 1 of year 2.

It’s a business decision that can save time, money, and stress in the long run.

You run a background check and verify application and you make them both liable for all rent. 

The only issue we’re running into now is finding a spot to permanently park the RV for a long-term rental so if anyone has any experience with this in this particular area of South Jersey, please message me as I do have several questions.

First Wyoming has a very strong set of statutes and case law supporting that entities that are properly run get liability protection. 

And don't ever look for the "home run" investment.

On a side note I also used John Maher at Key Properties to sell< purchase and run my property if you don’t have that lined up yet.

One of my properties (Wolf Run) was supposed to be at a 6.02% rate.

Also, even with an LLC, a judge can come after your other assets if you're not running it correctly.