Thank you so much for the advise.

Here, we will focus only on a December-specific question: how can I meet material participation if I buy an STR in December?

Please advise It depends on where the property is located and overall layout of the property.

Has anyone done busiess with https://www.beyondbnb.io/addit...Thank you for your advise,Michael

I can't advise you on what to do specifically.

To clarify, I had initially put the property under contract but had to back out of the deal due to negative inspection results, specifically related to foundation issues.

The city just passed a very confusing zoning regulation restricting student housing to a specific area, and we're all trying to figure out what the fallout will be.

If so, I am curious the thoughts and drives behind that, like, maybe really wanted exact answers to you so thought posting on your specifics was best approach? 

That said, I think it’s impressive that you’re able to manage this with fewer accounts—hats off to you for making it work efficiently.For me, having accounts like income, operating expenses, marketing, and taxes gives each dollar a specific job.

If you're not set on a specific market, it's worth waiting until you choose, as forming the LLC in your target state can simplify compliance, property registration, and taxes.