If so, are your amenities worth the extra price?

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

At this stage you're probably better off investing that extra money into your primary business activity.What part of CA are you in?

I have studied things and I feel I would only make maybe an extra grand a year and frankly I don't want to squeeze every last time out of people coming for vacation.Most of our guests are regular people.

Living in one unit and renting out the others could offset a significant portion of your mortgage, giving you extra breathing room as the sole income earner.

Can I personally take that extra finance money tax free into my own name or personal bank account to do with what I please, or does the refinance money have to stay in that Llc company and I cant use it personally.

It seems like every city, county, and state has its own rules, permits, and tax requirements for short-term rentals, and I’m finding it overwhelming to navigate all the different layers of compliance.For example, some places require business licenses, transient occupancy tax permits, or even special zoning approvals.

After adding an extra bedroom and bathroom and rehabbing the house, I was well over budget.

Eventually, I realized that if I kept waiting until tax time to organize my books, I would never escape the stress (and extra CPA fees).

He did extra lawnwork and was a great neighbor too have.