Agree with the posters above- but you also need to know how and IF property management is regulated in your state.

An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

@Ye Tun AungTypically, formation of a business entity is in the realm of attorney work, and though some CPAs will handle it, it probably falls under the "unauthorized practice of law," at least in CA, which carries possible heavy penalties with it. 

As we have never been through this process, any recommendations or best practices would be greatly appreciated. 

There is a list of rules & regulations to follow.

Have you noticed stricter lending rules for cash-out refinances this year? How has that changed what you were planning to do?

I live in St Petersburg, FL and trying to understand the rules, regulations and loopholes with AirBnb properties. 

Buyers responsibility to check with local codes and zoning regulations if they intend on changing use of property.”

These loans don't follow TRID and other regulations for Conv/FHA/VA loans.

However, laws vary, so it's crucial to understand your state's specific regulations.