Something to keep in mind is all of these entities must submit a report to FinCen by the end of this year disclosing their Beneficial Ownership Information which includes the personal identifiers of the person behind the entity.

My time is invested identifying the areas and properties that are both eligible for a vacation rental permit license and likely to produce investable rental revenue, but beyond negotiating and supporting the transaction, is the facilitation, transition and optimization to an active vacation rental.Here are some key points for out of state investors of nightly vacation rentals to consider that are just as essential to success as the 'right' property:- The RIGHT People  Operating an AirBnB or mini hotel is hard work and it takes a tribe.

It is usually identified in the listing if it is.

@Cedric Van Duyn it depends on what you suspect, if you think they are cooking meth then arrange for inspections routinuely so you can identify issues as this will greatly impact neighbors and you because of chemicals used.  

Identify the buildings you would have bought.Interview multiple, keep a list, track the same questions.

Even if you're not particularly handy, just identify a few repairs that you think you could do yourself with some basic tools.

Will your identified markets be an easy or difficult area to sell once it’s time?

What I often see being a mistake is people ordering a cost segregation study before speaking with their accountant to see if it would benefit them on their return.What a cost segregation study does is analyze a property further to identify assets that be classified with a shorter asset life than 27.5 or 39 years.The issue when getting an 'estimate' from a cost segregation study company is that they are not accountants(more specifically not your accountant).

There are 4 goals for me on that initial call:1) Identify motivation2) Build rapport3) Understand extent of repairs4) Get a priceAfter gathering this info, I will do a quick analysis and get back to them with my ball park price.  

Either find comps of other properties renting rooms or identify this is an unmet need (e.g. room rentals near a college campus).