I opened individual interest-bearing savings accounts for each tenants security deposit.To be clear, are you opening a separate bank account for each security deposit?

The IRS's assignment of income doctrine says earned income is taxable to the individual, even if paid to a third party (like a church).Also, 1099 vs.

Quote from @Eddie Gonnella: Hi all, I want to start a thread about the pros and cons of listing STRs with a personal individual hosting account vs as a 'brand' or 'business' account.

We had success in summerlin with insurance company paying .. over a 24 month period we had 3 tenants   fair market rent at the time was about 2200 or so non furnished.. we got 4100.00I did not like the turnover so I put it up as furnished rental and got 3500 and its going into its second year with a superb tenant. so seems like a happy medium for us.. 

Trying to gain as much knowledge as possible before entering a market that's over saturated with too many uninformed individuals.

I'm excited to be here and can't wait to bounce ideas off some like-minded individuals!

I realize I'll need to consult with my attorney and CPA for actually structuring these, but I'm interested to learn from anyone here who's scaled their real estate business from their individual portfolio or flipping business, to bringing in outside capital to grow. 

Can anyone verify this is OK or is it state by state-regulated based on their individual jurisdiction?  

Individual High Net Worth Borrowers (With Prior Experience As Multifamily Debt Broker): We have a few mom & pop clients who previously worked as multifamily debt brokers at major shops like Berkadia, CBRE, JLL, Walker & Dunlop, Etc.

I would like to connect and learn with more like minded individuals.