Airbnb operates as an interest-based algorithm, rewarding listings that grab attention and keep potential guests clicking.

Do you have a track record of purchasing and operating real estate on your own?

Board collected those funds and put them in Operating instead of Reserves.

On top of that, hiring tribal members for construction or operations could qualify for employment-related tax credits.

This will create your new basis.From an operational perspective, you might want to touch up a few things on the place to make it more rentable. 

By the math of it, CA is making it impossible for carriers to operate in CA areas of fire risk.

Would that lower our tax liability from other income we receive or no because this is purely RE and not an operating business?

Once it is operating, it doesn't require a ton of time, save & except when you have an emergency come up.

Hi Richard, Do you currently own/operate LTRs?

Hi BiggerPockets community,I’m new to real estate investing and currently running a remote operation to help connect investors with distressed homeowners and foreclosed properties across various markets.