@Joe CusickI assume that since you already have a PA LLC you’ve done the due diligence on that state to ensure they hold a presumption that a business entity is a distinct legal entity and has a fairly consistent practice for determining when to pierce the corporate veil – and that this happens rarely.Depending on the size of your portfolio it may be worth having separate entities up to determined asset levels.

My name is Madeline Blom, and I'm a short-term rental agent and investor specializing in the stunning locales of Knoxville and the Great Smoky Mountains.With a portfolio encompassing 6 STRs across 4 distinct markets, including a duo nestled right in the heart of Gatlinburg, I've immersed myself in the pulse of this thriving industry.As an agent, I'm not just about transactions—I'm a hustler advocating fiercely for my clients.

Both are natural stones that can enhance the look and feel of any kitchen or bathroom, but they have distinct differences in terms of durability, maintenance, and cost.

There are two separate, distinct units, and the renters should have coverage to protect their personal belongings should something happen to the building.

Many investors skip the inspection or shrug it off and rely on a walkthrough with a contractor who writes up a bid - which is fine and works great for many folks - but a distinct advantage to a thorough inspection, is that the inspector is unbiased and is not incentivized by the size of the work order.

Subsequent responses do seem to hone in on determining what your ACTUAL cost of the "$10k" would have been, and I would have hoped that "the book" would have made the same distinction - but, didn't?

Definitely seeing emphasis on condo/condotel distinction; usually in reference to financing but probably important for other reasons too.Good luck on your next property!  

But because they both  sold periodically and one deferred the taxes and used them for additional purchases there is a distinct advantage to that investor.Again, that's just one other perspective to add to the mix.  

(Then there's the distinction between what's allowed and what you're willing to risk getting away with.)Do your due diligence when selecting tenants.

This is an IRS distinction.