2 stay minimum is not required to place property in service.2 stay minimum is required to establish the average customer use of 7 days or less in order to qualify the property as an STR. 

I complemented it looking for more documents at the IRS site with Lance’s words and it was extremely helpful.Indeed, a multimember LLC can select how to be taxed sending a form to the IRS and, If taxed as a partnership or corporation, not be subject to FIRPTA because it is not a flow through entity (for this tax withholding purpose ) anymore.Anyway, I want to have a meeting with a real estate experienced CPA in the DFW area in order to clarify any details and establish an LLC with everything covered.

What determines our investment strategies has a lot to do with how we feel abut different types of risk. 

I get that it could be a capital issue as well, but I never realized it was to protect assets.Hmm...that's a lot to chew on. 

The easier way is to establish a relationship with a portfolio bank (commercial lending) no limit to the number of houses you can own.Better yet, do something like what I do: I don't use banks at allAverage Cash Flow Per Door In Phoenix Metro Areahttps://www.biggerpockets.com/forums/600/topics/58...

It's pretty normal I feel, but if you screen the right tenants and establish a good profile on them, then it would probably pay to keep them happy and let them mount.

I am seeking to establish a Land Trust for the purpose of acquiring a property while maintaining anonymity in a creative deal.

I have a lot to learn, and I feel like I have come to the right place to learn them.

I have a couple of PMs that I have established mentorships with, and I have access to a few groups via our PMS Hostfully that I can collaborate with, but I will take all the help I can get so if you can direct me towards STR mastermind groups I'll definitely take a look!

Additionally, it's essential to establish relationships with other key team members, including a competent general contractor, insurance agent, and title company.Your agent plays a pivotal role in finding suitable properties and ensuring a smooth exit strategy.