I am happy to speak to what I have seen as the most common set up from a tax perspective to give you a starting point for a deeper discussion, but ultimately you will want to speak with your CPA in conjunction with an asset protection attorney because this requires a deep dive into your specific situation.  

However, I don’t recommend over insuring because you’re going to be drawing attention to yourself as the deep pocket defendant that everyone wants to target.

Dive into detailed market research, establish clear investment objectives, evaluate your financial readiness, analyze properties thoroughly, and perform due diligence before finalizing any transactions.

Renting properties for STR does not come with the upsides of tax savings, appreciation, equity build up, etc.I agree with the sentiment expressed by others that diving straight into STR, especially with a property that is cashflow negative as a long-term rental (LTR) or through arbitrage, can pose risks.

I'm looking to dive into this lending space as well with a Self Directed IRA.

I'd be happy to dive deeper into all of this and point out some of the communities/resorts that you should focus on.

👋Leon here, thrilled to be diving headfirst into this bustling community of property enthusiasts.

Diving into the Charlotte, North Carolina real estate market is a fantastic choice, especially for your first rental property!

I’d recommend taking a deep breath and not worry so much about ARV, CoC and just look at a way to decrease your cost of living while buying your first property.

Before diving too deep into the BRRR ro flip methods, I would recommend doing some research on what out of state markets are seeing the best appreciation YOY.