There may also be costs associated with setting up the accounting for the shells, and preparing inital shell formation meeting minutes, etc...You will also need separate bank accounts, and a war chest of money to defend them if/when needed.Ask your asset protection attorney vs salesperson for a quote on the cost to defend, and how much it will cost to move title to the shells.Find out if moving the title creates a taxable event for you with the IRS re.

Maybe focus on short-term rental conversions, given your background, or offer specialized services for out-of-state investors looking for a “boots-on-the-ground” partner.

There are plenty of licensed brokers who specialize in off-market product, so they are arguably wholesalers, but they have the reputation and backing of the shop they have their license at.

Hello everyone,I recently joined a rapidly growing insure-tech company that specializes in rental properties.

How those people should be prepared to report loss on tax return?

I have never heard of this but you might want to chat with another CPA who specializes in real estate to see what they have to say.

What do you specialize in? 

I have been prepared to the fact that STR and MTR are two very different worlds and I believe I am ready for the seasonal turn around.

Be mentally and emotionally prepared for the attitude - well, if you can afford a second (or third or fourth home) then you can afford all of this.

This allows me to transfer money into the checking easily in preparation for a wire.Credit Cards--so you are now an industry professional.