., Rental Properties):No Active Business Operations: If you own a rental property that generates passive income (e.g., rent), it typically does not require you to register as a foreign entity in the state where the property is located.

Sorry to hear they have been difficult to deal with but glad to hear you're taking a pro-active approach. 

I have been actively looking primarily in the Virgin Islands and Bahamas for properties that are ideally within the budget I would like.

Mindset is key and just know that this is a business and you would be actively seeking clients and every day you wake up your working for the paycheck you receive in 30-60 days.

These are expenses incurred before your business is active, and they typically aren’t immediately deductible in full, as they are considered part of starting the business rather than ongoing operational costs.To provide more detail, according to IRS rules (as seen in the screenshot), you can deduct the lesser of $5,000 or your total startup expenditures.

That would be my focus and I would actively go after them.

Hi Scott,It seems like you’ve got a strong understanding of creative financing and investing strategies, but I do have a couple of comments and suggestions that could help you improve future deals.First, while your financing structure was incredibly effective, it’s crucial to always account for potential delays in renovation and build in a buffer for holding costs.

I'm always open to S8 tenants but I'm not actively seeking them.

I'm actively using Hospitable, but it's becoming limiting as our company grows, and we've surpassed 25 properties.What interests me the most is a seamless connection to Booking/Airbnb and reports on the owner portal.

Flipping is not a passive investment…it’s  actively running a business (and often with many unexpected headaches).