This part is like magic – watch your money come back to you!

What happens if your developer/GC friend bails on the project or screws up and you have to finish with a third-party?

Question 2: In going through the eligibility test, the only part I think I don't meet is Step 3--Residence, which requires 24 months of residence over the past 5 years.

As others have already said, you definitely can remain the host and make another party the co-host, but then allow them to do all the guest communication, pricing, booking, etc.The only tax implication I would say is that I'm sure you will be paying the co-host something.

This could be you, your dad, or a 3rd party service.Next, file the Certificate of Formation with the Texas Secretary of State.

I guess I'm just a little confused on (1) when to give an application, and (2) how to decide who gets to rent it when there are multiple interested parties.

We have a no parties rule and Quiet Hours because we are in a serene historical farm community just 15 minutes from the heart of the city.

It's that lightbulb moment where you realize that even after paying the surcharge to pay a mortgage with a card, you still earn positive cashback, making your net interest rate on your mortgage effectively a negative percentage.  8% cashback - 3.5% pay by card surcharge = 4.5% free money, and considering my mortgage interest rate is 2.75, that effectively means I pay no mortgage interest and still earn 1.75% free cashback.And the best part is that this passive cashback is generally speaking not treated as taxable income.

Banks and lending institutions love to see the PM statements from a 3rd party company. 

No, the $500k does not “come off the top” for both parties.