These accountants believe that purchasing from a related party is fine as long as it is an arms- length documented market-consistent transaction.   

Hi Audrey,I’m not sure where that information came from, but as a lender, we consistently help out-of-state investors purchase and refinance properties in Texas.

Tried other things but can't make anything better since it gives me space, allows me to prioritize and delegate, and is practically free.

In the meantime, I would like to gain experience through employment with an existing real estate or property management company.Is there anyone out there that can provide me with some good advice/guidance as to the best and most practical route to achieve that goal?

I will not comment as to the tax laws and underlying rules - that is a discussion you can have with your tax advisor who presumably you are paying to help you.What I will do is provide practical and business guidance on tracking time.Firstly, there are apps available that can assist with time tracking where you can specifically detail your time, who you met with, etc.

If you would like to continue to operate as a short term rental, you will need to submit a new STR application for this property and must go to the Board of Adjustment and be granted a special exception for staff to approve this request for a Type 2 STR Permit.The Board of Adjustment consists of eleven (11) members; you will have to get a concurring vote from nine (9) out of eleven (11) members in order to be granted the special exception.

The appeal, in my experinence, is a steady local base plus some vacationers passing through.I’ve got a freind who scooped up a place near the Ozarks and found that while huge cash flow was harder to come by, the consistent occupancy gave them fewer headaches over time.

Here are some practical steps and strategies to consider:## Single Family and Small Multifamily HomesWhen looking at single-family and small multifamily homes in northern Illinois and southern Wisconsin, make sure to analyze the local market trends, rental yields, and property appreciation rates.

(I'm non confrontational)The plot has a native American burial site, which we spoke to a tribe member and gladly let them onsite for rituals and practice. 

I mean, why bother to practice what you preach?