I find that it's easier to find data on STR and LTR so I struggle to estimate the income  We’d love to learn from the community and hear what’s working (or what to avoid)!

Are there any red flags or common mistakes investors should avoid when reaching out?

Is what you mentioned (lease your property to an LLC) a good strategy to avoid transferring my deed to my LLC and avoid the possibility of the bank calling my note due? 

How are you determining income, avoiding fake paystubs & employment?

Refinance is one way to do it, if you want to avoid getting new debt because cash flow is high look into lease options to buy or executory contracts.

Understand Your Legal ObligationsWhy: Tenants may have the right to withhold rent, repair-and-deduct, or terminate their lease if repairs aren’t made promptly.How:Review local laws for habitability timelines (for example, in California, landlords have 30 days for major repairs).If repairs exceed legal deadlines, consider offering a lease termination option to avoid claims of “constructive eviction.”5.

However, should you have net rental income that is subject to net investment income tax, then REP status would be helpful to avoid NIIT.Just to be clear, if you have an STR and you materially participate in it, you aren't subject to NIIT. 

@Edgar Duarte Selling now under the primary residence exclusion avoids capital gains taxes, allowing you to reinvest the $500K equity in diversified assets like index funds or additional rental properties.

@Phil Petite Forming an LLC in Tennessee is recommended if your rental properties are located there, as it simplifies legal compliance, avoids the need to register as a foreign LLC, and aligns the LLC with Tennessee's laws for property management and tenant disputes.

Are there any you would avoid?