Quote from @Levi Bennett: Quote from @Nick Belsky: @Tyler SolomonBased on the comments, it appears that many in this forum are also not very familiar with STR loans.I deal with a lot of STRs all over the country. 

@Kendra Levy  It's pretty simple. 

In addition, 2nd and third purchases will have 7% and 10% tax levied (about $70,000 to 100,000 when private properties here cost about 1 million dollars on average.)Having said that, almost everyone in Singapore owns a house as there is a public housing scheme called HDB Flats, and 80% of homeowners own one this way and in many cases, after waiting about 10 years the value would have gone up by quite a bit.

Hi @Jacqueline Levi I would recommend requiring whoever is footing the bill for the wedding to take out special event coverage.

I drive a 1997 Dodge pickup with 220,000 miles on it, I LOVE wearing Levis and tennis shoes, and we mainly eat at casual dining places like Chipolte, Baja Fresh, Panera Bread!!!

"an LLC with only one member is treated as an entity disregarded as separate from its owner for income tax purposes (but as a separate entity for purposes of employment tax and certain excise taxes)" irs.gov.  

I've usually been cashflowing about $50/mo but an increase in strata fees and special levies has quickly eaten into that.Most of the ROI value is coming from the equity paydown and the expected appreciation although we are hitting a bit of a bump now with the stress test.

I state that in the event a fine is levied against the property that is their fault, the fine will be assessed to them.  

That's garbage that they can levy this sort of tax.

Additionally, now a city, town, or other taxing jurisdiction can more effectively levy and collect a transaction privilege, sales, use or similar tax/fee (in Scottsdale, this is commonly referred to as the “Bed Tax”) in relation to what is considered transient lodging (rentals of less than 30 days).