Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Does anyone know of short term rental rules/regulations in Birmingham, Montgomery, Millbrook?

From a practical standpoint, add an umbrella policy to cover liability in case you get sued just to be safe. 5.

Learn how to analyze property, then practice, practice, practice.

Where the Code or the Regulations do not specifically impose a requirement, we should not apply it.

There have been several favorable rulings on this issue as it relates to trusts to the point that most accountants are now accepting this as trusted practice for LLCs as well.You never say never with the IRS. 

(Yes, Colorado Springs also allows them in non-owner occupied homes but with limitations that in practice make it nearly impossible.)I still think this change is good policy, but for anyone wanting a vacation rental in municipalities that have a primary residence rule, this doesn't change anything.

Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them.

Make sure you are applying long-term rental laws and practices or you will get yourself into a pickle.