Also in case of fire or flood, I know a regular homeowner's insurance will have no problem covering it.I have been wondering, if the local regulation doesn't require it, why do we need pay thousands of extra for STRs? 

Wondering how to go about getting this done. 

This approach could keep things straightforward while accommodating their need for housing.

Equity split - This is more of a straightforward partnership where profits are divided based on the initial capital invested.

Hi Jon from Boyertown, PA-You and your fiancé are interested in buying your first short-term rental and wonder profitable areas to purchase with a budget up to $500,000.I would look at places along the west coast of Michigan, Grand Rapids, Kalamazoo, and near Ann Arbor, MI.It is important to understand the local STR regulations in each community and partner with a property management company that can help your navigate that and manage it well for an excellent guest experience.Don't forget to look into bonus depreciation and doing a cost segregation study to increase the tax benefits of ownership and if you "materially participate" in the management of the property per IRS guidelines it can offset active W-2 income which most real estate cannot.To Your Success!

I was just wondering if I should have them pay rent to me personally or pay my LLC?

I have not started to look outside of the area to out of state rental opportunities, but I am wondering if there are remote markets with a higher return than this that I should be looking into.   

That single photo not only improved their CTR but also landed them in the “Cozy Getaways” category.Here are a few extra ideas I’ve seen work well:Seasonal Themes for Your Wow ShotHighlighting your property’s standout feature while keeping it seasonally relevant works wonders.

I just wonder about the quality of the new construction itself and the quality of contractors being used.   

I can understand how a wholesaler would find some deals (I've heard some podcasts about that, essentially they're hitting the pavement) but I wonder how "investors" and "realtors" find properties if they are not using MLS/Zillow/Redfin?