In advance I'm sure people will ask why I would have it under an LLC for my first property, of course liability protection but the main reason is Taxes, I'm not trying to have the added income from the property be on my personal tax returns.

Thanks in advance for the wisdom!

Most properties in this price point will be in neighborhoods with houses close together/ neighbors that will report you.

Thanks in advance! 

Thank you in advance for any information/guidance to this scenario 

Thank you in advanced

Despite blowing through all performance projections it was just an endless stream of ridiculous requests for reports and information (beyond what was agreed to in the operating agreement) only to satisfy a junior analyst that probably hadn't stepped foot on a property in his very young life.  

He specifically mentions ”make sure you do not provide substantial services so that you report the STR rental income on schedule E not C and so you are not subject to 15% self employment tax“

Thank you so much in advance!

This thread should be pinned and tagged as the first to appear when rookies (and even most advanced investors) search for investing out of state.