Hi All, I am a new member from the Bay area, Ca looking to invest and operate an Short term rental (STR)I am listening to the Avery Carl's audiobook. 

Your personal mission is good, but that's not operational.

And than #2, go get informed on how to correctly operate and manage a portfolio.

Expenses (both transactionally as well as operationally)  disproportionately impact lower priced assets.

To operate in the city of Las Vegas, this requires a business license.

Some states also require an annual license fee to own and operate an LLC so that could also cause a potential for increased costs there as well.I would consult with a real estate attorney to see if an LLC makes sense from a legal standpoint and advise your accountant as to your decision so the appropriate tax filings can be made. 

My average price point sale is about $1.3m on my own so it was a smarter move to make less overall money, but to have a lean system to operate and not manage and try to help agents anymore in that way.Hopping into every forum I post on to have a go at me is very embarrassing for you.

@Tyler LingleI didn’t use a lawyer to file my LLC but used one forMy operating agreement.

After she retired, she took over the daily operations.  

Thanks to zoom, many musicians are teaching lessons online so they have a wider audience and can operate from anywhere.