Quote from @Gregory Wilson: Speaking of IRS budget to audit returns, what that means is that IRS allocates a certain amount of manpower to do the audits.

I would send them notice today that explains what will happen after the current one-year term ends.

Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.

None of them. 

@Sean DillonAt 18, you're in a prime position to start building wealth with low expenses and plenty of time to scale.

I found the key is to go into one of the local Secretary of States offices. 

I have been a student of Ron LeGrand for a number of years.

Could it be considered piercing the corporate veil if the mortgage for the property is in your personal name but the deed is in the name of the LLC? 

I know there's a reason so can you share why you set the threshold higher for number of 5-star reviews on AirBnb vs.

You are definitely going to want to get a lawyer and as soon as possible.This will sound harsh.In your story, you have made a number of very poor decisions about how you purchased and managed this property.