Blue collar first time buyers are going to require an entirely different marketing strategy than corporate execs transferring into the area.

An LLC is easier to run than a corporation and a C corp is a terrible way to own real estate.

This way you have a corporate shield between you and a tenant.

I think that area is drawing a lot of attention due to the future location of a face book corporate facility and the Toyota plant.

remember the 100+ year old part... its a bit musty, but we can fix that)My goal is to hang up the corporate gig in 24 months (and yes, I said that 12 months ago)... now getting some more doors in the portfolio will actually allow that plan to unfold.

UBIT applies to a solo 401k if it buys equity in a business that offers goods or services and is not structured as a C-corporation.

The residence can then be rented within the S corporation and depreciated at a stepped up value (purchase/selling price).

I diversify my rentals between the "Short short" (30 days or less) business model and "long short/corporate rental" (30 days or more) business model so I don't like to take all my bookings through Airbnb & VRBO.

Corporations and LLCs cannot represent themselves in legal proceedings, unlike individuals.

One bit of advice from one BP member to another Make sure you have a really good set of corporate resolution docs, non competes, a really good set of policies and procedures and communicate daily on expectations, goals, and EVERYTHING!