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STRs cannot be thrown into the same aggregation election that you use when qualifying for REPS.The only way to unlock STR losses is to pass material participation, and pass it specifically for STRs.Myth 6: STRs are reported on Schedule C instead of Schedule EThis myth comes from misunderstanding the IRS instructions that were specifically written to be confusing.

In Florida and in my county, I'm looking at the follow for each LLC:- Business Tax Receipts filing every year- Home Occupation License (may or may not need this for an additional LLC)- DBPR License annually- FL State annual report- Tangible Tax filing (and this one is a B***CH)- And now the new BOIR

Things like income documentation, background checks, credit reports, etc mean a lot more to me.

Some will do free "owners and encumbrances" reports.

Invest some of it in real estate companies with a Robinhood account, so you learn some of the lingo, read their reports, study how they make money. 

I've seen some reports saying new supply for that 2025-2028 range will drop below the levels of 2015-2018 in many markets in FL but I don't have actual sources and changes in different markets and areas. 

Consistent updates.

Left Main is an add-on to Salesforce that gives you many real estate related fields, reports, templates, dashboards, etc. 

I would not advise working with any PM unless they are able to provide all of the necessary reports for the property - Cash Flow, Income Statement, rent rolls, T12, etc.