I am just starting out with a STR and found that VRBO is not very specific if they are collecting the tax and paying it to the State as a marketplace facilitator or am I responsible for this tax collection and payment ?

A few months after purchasing the condo I found a property about an hour outside Salt Lake City.

I got scammed by someone telling me I couldn't write anything off or taking depreciation without an LLC and that I found out was a lie later.  

I'm hoping he'll have some options for me.I know a Home Equity Loan is basically a second mortgage in normal situations, but they seem to come with less red tape from what I've found.

The case is in court right now with the lender filing a case to foreclose and the borrower filing a counterclaim against the lender:Here is what I have found reviewing this case:1.

It seems every market goes through a cycle -- unnoticed potential; early titillation as the potential becomes known; flood gates open and gold rush is on; property prices rise, revenues drop, regulations come in; and finally balance is found.

I recommend reading “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties” - I found it to be very helpful when I got started investing 2.5 years ago.

However, at some point, you might get in an accident, or pulled over and found out. 

Squatters are a real problem nationally and a study found that they target not only vacant properties but those advertised for rent or sale that offer 'immediate occupancy.' 

Hey Alex, There are foreign national DSCR loan programs available for your scenario: Below are the list of requirements I have found most lenders have : 1.