Operating Expenses includes taxes, vacancy, utilities, insurance, maintenance, and management fee.

This is also tax deductible.

You have no idea if they are following the law, AirBnB rules, paying taxes, etc.

There are recent changes in how they are being taxed in Illinois.

This log will be invaluable in case of an audit.3.Grouping PropertiesWhile I’m not an expert in international tax law, my understanding is that you can group all your properties together for material participation purposes.

It's important to understand the difference, and I'd recommend sticking with the REIT with depreciation advantages.The Tax Cut and Jobs Act (TCJA) includes a 199A deduction and applies to certain income from pass-through entities (including REIT dividends) and allows individuals to take the 20% deduction against REIT dividend distributions that yields an effective tax rate of 29.6% or 37% (80% for upper bracket filers).

These loans are geared towards those with lower credit scores, allowing them to live rent-free and cover mortgage, insurance, taxes, and maintenance costs.

The LLC in this case is more just asset protection and not having your direct name listed on the county tax record.

I guess my question is more of a tax question, it’s a no brainer to wait to rent it out to do a remodel so I can claim depreciation on the remodel correct ? 

@Rahul Prabhakar Taxes in Texas are out of control.