Hello BP,  I wanted to share some success stories of three of my clients who bought homes to renovate and then rent out STR-style. 

Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!

*This post does not create an attorney-client or CPA-client relationship. 

My out-of-state clients are successfully finding deals here that hit the 1% rule and are positive cash flowing.

The HUD lease supersedes your lease in cases of discrepancy.We recommend to our clients to NOT worth Section 8 housing unless the rental market demand is very slow.

For that reason, I always advise clients to make sure the property pencils as a long-term rental so you have a plan to fall back on.As far as connecting with other local investors, have you considered joining the local REIA? 

I had a client who refinanced their home and then I helped him buy a new house about 5 minutes away.

This is a relationship based business from lender to client etc.

I’m eager to connect with seasoned investors to explore how I can assist in identifying and securing great investment opportunities for them.While I’m committed to providing value to my clients and partners, I’m also here to learn from those with more experience.

This is complicated and needs to be consulted with a tax advisor.This post does not create a CPA-Client relationship.