I noticed some T accounting shows matching liabilities, so I'm a little confused as to whom the actual lender would be in that instance.

Obviously they are putting more pressure on out of state investors that invest within Cleveland proper, but spreading liability to the property manager is a new twist.

Even if you defer your tax liability by 5 years, you can double your net gains after you pay taxes when disposing an asset (cap gains and depreciation recapture).

You can have any lawsuit initiated by investors in state court moved to Federal court where the Reg D safe harbor will preclude any state law liability. 2.

However, by placing money in a property that I would like to have in order to increase my quality of life, that can also produce some cash flow instead of being a liability that requires money every month, I can increase my quality of life without increasing my monthly liabilities.  

@Bryan Stengel, I think alcohol has been the tough one with the STRs, not sure about if you need license( hopefully someone will chip in ) , however there  always the liability part including but not limited to offering alcohol to people who are trying to quit etc.

@Bill Gulley,Yes, I informed her of her responsibilities and liabilities.

If so, you'll want liability coverage, which can only be provided by the owner's insurance policy.You want to be INSURED not just have in Interest (which only alerts you about policy changes).

We really want take advantage of accelerated depreciation to lower our tax liability. 

For rentals, consider holding properties in an LLC for liability protection.This post does not create a CPA-Client relationship.