In a wholesale situation, the F.B.I. looks at all parties involved, does not care that you didn't know and can ruin your life for a long time to come.  

A deposit on cheaper ones...I've beeN an Airbnb and HomeAway host on numerous properties for the past 6 years. 

Life is better when you understand your taxes.

This representation is crucial if you're ever audited.Regarding whether to hire a CPA versus just a tax preparer: Real estate tax is highly specialized, with numerous code sections and rules specific to the field.

They have very different types of solutions, but both say all of their work plus the integrity of the foundation is covered under warranty for the life of the home.

However, they already see a possibility to break it after 6 month due to some uncertain moving parts in their life.

@Andy OkamotoOne cautionary note: if your idea of "cash flow" is $10K in net operating income, $120K before taxes in your pocket every year off your rental property, well, if it happens to you in 10 years, it will be a low-probability event with a lot of lucky breaks and eventually will likely ruin your life when you make a misstep because you assumed your lucky break was the norm.If you're serious about moving out here, at least look at the Pittsburgh area and its proximity to Carnegie Mellon (tech) and UPMC (health care).

We help clients close numerous multifamily deals in the valley each month and have good pulse on what's happening.Matt

I only do it because I'm a REALTOR and property manager in a city of 10,000 and I don't want locals to know what I own.Just remember an LLC (or multiple LLCs) will increase costs, complexity, and workload to your life.

I've lived in condos all my life until I moved to OKC.