I try not to overdo it, but I also don't want to spend 30 minutes typing it fresh when it's literally asked every. single. day.

As an owner-occupant living in one unit in a multi-fam, you will have more leeway in who you can and can’t accept according to the law, but it’s always important to be aware of the rules to make sure you stay in compliance because you want to avoid having to defend yourself from an accusation.

So recently my boyfriend/fiance I call him both was not living with me fully just staying every now and then and came over to visit a lot .

I have a lot of investors who BRRRR and they typically stay in the outskirts of Austin - there are certain pockets that have great BRRRR #'s like Kyle & Manor. 

How much do you want to stay in the bank when you purchase (consider you will need 15k still in there for reserves on any purchase)?

However, managing multiple LLCs can mean higher costs and administrative work (separate bank accounts, annual filings, etc.).It depends on your risk tolerance and ability to stay organized.

Here is the rule from the IRS regarding length of stay for short term rentals:As defined by Treasury Regulation Sec. 1.469-1T(e)(3)(ii)(A)The average period of customer use is 7 days or lessThe average period of customer use is 30 days or less.

Plus you get stays of 90 days or 120 days or whatever at a time.

Do they have the necessary resources to stay on top of all the tax issues such as 1031 exchanges, 754 Step-Ups, etc.Feel free to send me a private message if you have any questions here.A couple articles you can read that will be helpful:https://www.biggerpockets.com/forums/51/topics/1206189-cost-...https://www.biggerpockets.com/forums/51/topics/1204912-how-t...

I disagree with staying away from saturated markets. people are making 65-100k obviously having success.