For the purpose of deducting operating expenses and depreciation - yes, after it was rehabbed and listed.

That way you obtain the liability protection of each property owned by a separate, independent entity, yet only incurr the formation and operating costs of one entity.  

Purchase price: $155,000 Cash invested: $40,000Our Cabana condo in Carolina Beach operates as a STR through Airbnb, VRBO, Booking and Google. 

(Local cities to Auburn, AL) This is why I started to lean towards short term rentals, but I only started to scratch the surface on all the details behind operating and maintaining STR's.

I have operating capital and it is always moving.

Other states (like CO where I operate) don't allow dual agency so the buyer would have to be unrepresented if they don't have their own agent, or the listing agent could switch to transaction broker, not representing either side.

The strategies have no alignment, there is no true networking or operational advantages, and no sophisticated investor would ever expect returns in excess of the S&P from an approach like this. 

AI can be beneficial both for operations as well as your taxes.

Licenses - Residential & Operators - Now this has a few layers.

I agree it’s about buying right and operating right but the one thing you can’t change is location.