I've got a 2nd floor detached garage build i'm in the planning/permitting stages of here and looking for advice to see if any key features need added.It will have its separate entrance from main garage which will be utilized by main house STR for a game room eventually.

Second, in terms of asset protection, LLCs are not invincible, but I think what many don’t understand is that they are not designed to completely shield your assets from liabilities, on the contrary they are designed to contain and isolate liabilities.

Won't do it just for more moneyGo to the Short-Term Rental forum and read up on rental arbitrage, or use the search feature (magnifying glass).

It is important that the designed purpose of the property is congruent with the rules and regulations established by the local authority in order to ensure its successful use as well as to avoid any possible inconvenience due to lack of compliance.

The key features that make it more efficient that are hard to replicate else where is that the interest is simple interest similar to commercial loans (rate/365Xbalance daily), there’s a 20 day grace period before the prior period’s accrued interest is billed/added to your balance outstanding so you can keep chipping away at your daily principal balance with your deposits from days 1-19th each month before prior month’s interest is even billed (on the 20th/21st usually).The current CMT or constant maturity treasury index is less volatile than prime index that most heloc’s are based on (most bank commercial lines are based on 3-5 year FHLB + 225-275 BPS or 2.25-2.75% margin).

It helps that STRs are more actively managed than LTRs to qualify for being designated a Real Estate Professional.They do this with their individual tax professionals.I have nothing to do with that or the cost segregation studies.

The other 75% of the skills required to be a good developer will have to be learned elsewhere (a good mentor is the best way).These include everything from Zoning/Subdivision/Land Issues to Environmental Issues to Permitting Nuances to Design Issues, plus all the differences in financial analysis.

For example, I have a potential client that has decent unit with a solid location but the decor/furnishings remind of a frat boy out of college meets IKEA/Amazon.A unit like this will suffer from poor design and the reviews will show as well which I do not want affecting my reputation or Super Host status.Do I just decline taking them on if they are not willing to work on it?

I have a good network of service providers for work, design, questions about permits in the local market, etc. if you want to connect.

I’ll check out both articles you shared.How do Solo 401(k) and SDIRA benefit W2 individuals in terms of contribution limits, investment flexibility, and tax advantages, particularly with features like checkbook control and Roth contributions?