So for me the decision was pretty straightforward, but it still required a lot of thought.It’s not easy out there these days folks, best of luck!

I just pointed out that at that time, the court suspended the requirement about a week before your post. 

Quote from @Kmsuea Abdei: This used to be a state requirement, some states required it, and some brokerages required it.

If you own 25% or more of any LLC you are required to register with a FINCEN ID for beneficial ownership by January 1st or you could be subject to $500 per day fines.Have you taken care of business?

If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

Hi Jason,The expenses that you are paying to rehab the property are required to be captured in the cost basis of the property when you purchase it.

However, you can likely sell all the properties in the required timeline to do the 1031k, although that will take some effort/cooperation between multiple buyers/brokers, considering the separate markets.  

Manufacturing it retroactively for the current year sounds too much like fraud.GROUP 3: Tax strategies that really are for EOY considerationPlace rental properties in service. 

I could be wrong but I thought I saw that Sacramento requires primary residence for the owner for STR.Do you live in Sacramento or nearby ?

I am also looking for tax optimization as the business will require cash reserves and is a high risk business from a liability perspective.