Hi Joe - For a single-member LLC, the IRS disregards the LLC as a separate tax entity which means no capital gain impact on transfer.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.

I don’t have much capital laying around and I’ll most likely be working with a partner so I’d like to have a good ball park figure of what is needed to get off the ground.

But if you already have your next plan lined up  and want to become more efficient and quick on getting you cash and vamp up your business , then yes ill suggest that route until you do this enough and then get your own license and then you add a bit more capital to your business . 

Like having the capital to enter a deal?

That would get you two more properties pretty quickly with using little capital and bringing in cash-flow.

This stability made it possible to pull out capital and keep reinvesting.However, the landscape started to shift drastically around 2020-2022, when interest rates plummeted to historic lows.

STRs do fantastic if you know what you’re doing and the upfront capital.  

You'll probably get blasted with lots of hard money lender options, but I would recommend Easy Street Capital, they seem to be one of the faster ones. 

Then it would help if you still had more to set aside for future vacancies and capital expenditures.