However, the short-term rental market comes with added complexities like managing turnover, dealing with seasonality, and ensuring you comply with local regulations.

By correctly classifying your property, you can ensure that you’re complying with IRS guidelines and maximizing your tax benefits.

Legal ConsiderationsFair Housing Laws: Ensure your reasons for denial comply with the Fair Housing Act, which prohibits discrimination based on race, color, religion, sex, disability, familial status, or national origin.

In this situation, it’s important to approach the tenant professionally and review the terms of the lease to make sure the rent increase was properly communicated and complies with local laws.

Once you find a property, hire a professional property manager who can make sure you comply with the laws and get you great tenants so you can build long-term wealth! 

Also, having a loan servicer handle the logistics will make it easier to manage the transaction while ensuring that taxes and insurance are handled correctly.Always consult with a real estate attorney to ensure that your seller financing agreement complies with state and federal laws.

If it’s in there, and they aren’t following it, follow @Evan Polaski’s advice above regarding sending written notice of their failure to comply with the terms of the operating agreement.  

This means you'll have to comply with California state laws and pay additional fees, including the $800 annual franchise tax in both states.While Delaware offers privacy and favorable business laws, if you're primarily doing business in California, forming a California LLC might simplify things and avoid the need for foreign registration.

Yes, theoretically they can be used and all laws complied with, but the chances of losing a lawsuit whether you’re right or wrong are so great nobody uses them, nobody insures them.  

While you may get a 199A deduction, you are paying a high tax rate.If we are talking about REIT's listed on an exchange, there are additional overhead costs as you mentioned - You have to get audited financial statements and also comply with certain SEC laws.