Since regulations frequently change, it’s best to consult a local real estate attorney to ensure compliance.Good luck!

Particularly for your first few properties, I'd highly recommend that you manage the property yourself (if possible), but that's usually only possible (or most effective) if you live near the property or visit it frequently.

i don't know how you BRRRR out of state unless you're planning on traveling there frequently to oversee it. 

although Dutch is CEO, it is frequently mentioned by him and Amy Vaughn about co-owners and business partnership. 

So, you need to be looking at your occupancy and pricing frequently to ensure your RevPAR is where you want it to be. 

We now live in Arizona and I frequently fly back to the southeast to repair or inspect the properties and already deduct the travel, lodging, and half of the meal expenses from my taxes. 

We wanted something we would use frequently and we have found ourselves drawn less to the HH area for this reason.2) Lack of critical infrastructure.

Things like this are why it's important to work with a professional who is well versed in real estate taxation because the "common/simple" strategies taught frequently like BRRR or house hacking actually get fairly complicated when it comes to handling it correctly. 

I used one frequently discussed in BP, TERRIBLE AND EXPENSIVE.

Short-Term Rental StrategiesLong-Term Rentals: Stability and SimplicityAdvantages: Long-term rentals provide consistent cash flow with less frequent turnover.