Austin does allow you to do STRs on your primary residence a maximum of 49% of the time, provided you pay for the privilege.

You’re basically using your own cash and paying for the privilege while having no leverage, which is the main purpose of taking a mortgage.

A couple of weeks ago I had the privilege of speaking with Brian Gibbons on the phone for about half an hour.

. :)  Because of you being a CA resident, no matter where you create an LLC, Wyoming included, your greedy state will consider your LLC as doing business in CA, and you will owe $800/yr for the, ahem, privilege.

Hello everyone and thanks for all of your comments, i really appreciate you sharing your knowledge.Now, i don't really know how successful all of you are in this business, or even if CRE investing is your main focus, but i can tell you that last week i had the privilege to speak with a gentlemen who is part of a very large CRE investment company holding hundreds of millions in assets.while i had his attention and he was so willing to share info with me i had to asked him multiple questions, now when i asked him about this cash-on-cash return thing(which is a preference we all now), he straight out told me i was crazy to believe that i was just gonna walk into a deal and get 20% return on my money that same year like that, he straight out told me i'll be better off looking for a needle in a haystack.he told me anybody out there waiting on deals like that will be waiting for a very long time, and must be looking at investing as a hobby and not a business, you make your money mainly from the reposition (forced appreciation), once i a while you'll get a great purchase but nothing to the point were it's 20% CoC return straight up before you do anything to the property

If you use our colleague system to sent ads or solicitations, you can lose some or all privileges here on the site.I hope that helps.

As you deepen your relationships with your colleagues, deal making is fine but we are extremely sensitive to spam and if you get reported by users for spam, you can lose your privileges permanently.By following the notes below, you should be able to stay out of trouble in the system.

I agree that losing online privileges should also be in the lease. 

Even if you're LLC is not in CA, you still have to pay the $800 fee for the privilege of doing business in CA.

Various states have these for the privilege of operating business through an LLC (another popular is CA's $800 LLC tax).Search for KY Form 41A725 for the KY LLET tax form for a single member LLC.You may want to contact a CPA.