Our goal is to have a short term rental business and build it over the next several years.

Looking for tips on tax savings on the small business.

It seems that often when companies acquire large books of business in one shot there are growing pains and unfortunately those are felt at the client level.

I'm not thinking of 'scaling' my business by becoming a 'passive investor' in someone else's business.

When we built up the triplex, we set it up so that each of the 11 rooms can be rented out individually (all BR, except 2, have their own bathroom behind an electronically locked door).

And personal downsizing is always good for business!

You would have to go after the one individual for non-payment and you could only remove the other three by going through the legal process like you would for someone on a verbal agreement, which puts you in a he-said, she-said situation. 

That’s how the wealthy do it with real estate or businesses.

https://www.biggerpockets.com/business/finder/agents

Type Line Item Fee Fixed Fee Collected Rents 10% of All Collected Rents New Tenant Search & Onboarding $600 Variable Fees Business Hour Service Calls $90/hour + Materials Cost + Tax After Hour Service Calls $120/hour + Materials Cost + Tax 3rd Party Coordination HVAC Cleaning & InspectionGutter CleaningSpring/Fall Exterior CleanupSeasonal Mowing & Weed TrimmingSeasonal Snow PlowingGeneral Contractor Negotiated Vendor Cost + 10% Oversight Fee