The property is 100 years old but has updated wiring, plumbing, and units.  

You can keep the same entity to conduct real estate transactions but it’s important to update to the operation agreement before doing so.

If not, I recommend commissioning one and only taking their counsel on tax-specific questions.I have a list I keep updated and recommend through our REI bookkeeping firm if you don't currently have one.They can walk you through exactly what you can and cannot write off during these trips and what you need to document in order to write things off.It's not necessarily a simple "yes" or "no".

Stay consistent by buying properties regularly, keeping a record, and networking with investors.

Not a B&B investor but the rule of thumb is make sure it works as a regular rental first, then everything beyond that is gravy.

I have read plenty about owner financing I am just not sure how to go out and find people willing to sell their homes as I usually just look at regular listing sites but def something I am willing to keep on learning about!

Exclusive and Regular Use: The space must be used exclusively and regularly for business.2.

If they wanted to pay for the updates and agreed to restore the property to its original condition (if you wanted them to) after they left, you would need to allow it. 

Curious how the next shipments have gone and if you have any updates on Legacy. 

That'll be our next update.