After talking to my insurance adjustor, he advised to get details on HOA coverage b/c to remediate damage we need to go all the way to studs. 

Any and all advise welcome! 

I’d advise you speak to a CPA as well, different trusts bring along potentially different income tax filing results.The maxmimum income tax rates on trusts are also reached far earlier than they would be on a personal income tax return.Generally trusts and LLCs serve different purposes as well (i.e.

As a side note, I would advise you not to buy a STR or any property for that matter solely because you believe the cash flow will help the portfolio.

I'd urge anyone who's going to buy a multi-hundred-thousand-dollar asset to throw down $100 (or whatever it costs) to get the full data.If I didn't already have a full AirDNA subscription, I'd be advising my Colorado STR clients to do so. 

Maybe have a contractor advise what is possible with the existing structure before deciding.

My broker is saying the broker fee is a standard $3000 amount bc the amount requested is under 100k and advised the minimum I am able to to pull out is $75k. 

Working with experienced professionals is often advised.

Readers are advised to seek professional advice.

In theory, you would only hit the maximum SS amount (possibly SDI depending on your state).I think the bigger question is: did someone advise you on making an S-Election for a rental property??