I read everything I could about automotive facilities; spoke with brokers who had been involved in transactions in these type properties, and attended meetings, conferences, and joined associations of automotive repair shop owners4.

With that being said, I have been involved in over 50 Flips here in San Diego.

If your wife is a stay-at-home mom and is involve with managing the rentals you may want to explore Real Estate Professional Status as an alternative tax strategy or along side your STR tax strategy.

First, ensuring that each property or group of properties is held in a separate LLC can limit exposure, confining potential liability to the specific entity involved.

@James McGovern and now that the DOJ has gotten involved in our business that Rep agreement needs to be signed ( well it always should have, but now dates will be verified ) so yes if you want to work with a professional Realtor that little document is part of the process.

If a couple divorces and there is real estate with a mortgage involved, what is the best way to divide the asset?

I’m also exploring the idea of starting a nonprofit dedicated to this mission—helping youth get acclimated to real estate investing and setting them up for a financially secure future.If anyone in this community is interested in contributing or being involved in such a venture, I’d love to connect and discuss how we can make a bigger impact together.

Hi there,It sounds like you've built an incredibly diverse and successful portfolio, balancing multiple streams of income and managing your own rentals, which is no small feat.

They were previously involved with a group in Columbia who I hear was successful with a similar model.

I have also managed the day-to-day operations which involved me ensuring all amenities were stocked, coordination with the cleaning staff, and handling communication with challenging guests.My Remote work skills have proven me to be a great asset for my property owner who was not much involved in running their airbnb rental but was well-informed by me.