As you mentioned the city is extremely block by block and quite complex.

In a partnership, you'd still have liability protection, and you wouldn't have the additional tax complexities that come with operating as a separate business entity.

That's another complexity.

The STR Loophole is very complex, but can save you thousands.- Did you materially participate?

They specialize in tax, but the barrier to entry is much lower than a CPA, so they might not have the same level of expertise in complex matters.

The tax code is very complex, so it's better to rely on someone who works with it full time rather than doing it ourselves.

I appreciate you simplifying what can be a complex process.

You're proposing a very complex structure that may be hard for lenders and insurers to understand. 

Properties rented for less than 15 days a year enjoy simple tax rules, while those rented more frequently face a complex set of tax obligations.

Collaborating with legal and tax experts is essential in order to effectively navigate the complexities of forming an entity and ensure that your real estate investments are structured properly for your specific circumstances.Good luck!