Notably, we were able to work with local lawmakers to adjust a proposed bill that would've included STR's in an "empty home tax" that would've essentially made all the STR's on the island unprofitable.

However, LLCs do not provide any tax savings.

I have a couple buddies in San Francisco who I've been talking to about potentially co-buying a place in Tahoe and I am wondering if anyone has advice on how best to make a meaningful case for sharing in the costs/ownership/use/profit/tax adv/etc.Curious if anyone has firsthand experience?

Not all drafters, but most drafters I've seen and dealt with in the past, do not do construction administration.

Leasing to your own LLC is a great idea for extra liability protection and potential tax perks.

As an OoS investor investing in Michigan, you had better understand how property taxes work.

I am a property manager and am reaching out to self-managing STR property owners to learn how others handle their tax remittances.

To use the BRRRR method, target 2-4 unit properties, look for emerging neighborhoods, network with local contractors, factor in property taxes, and work with an investor-friendly agent.Good luck!

If you are interested, you can request to meet with them and/or submit an LOI detailing your offer on price, financing options, terms, and other items related to the purchase.If accepted, request Tax Returns for this business, and have an Accountant(reach out to me if you are looking for help with the Analytics of a business purchase) compare their financials to the Tax Return.

Additionally, check with your CPA for any tax implications, even if you don't expect capital gains.