Setting up an LLC may allow for deductible expenses, and investing in municipal bonds could provide tax-free interest.This post does not create a CPA-Client relationship.

While I don't know the nuances of the market, I do have a client that's a real estate investor and agent in Phoenix that could probably give you some suggestions.

I'm also an investor and have brokered many, many deals.  10% to 15% seems to be the right figure for my properties and for the clients I have represented.  

I remember years ago our attorney reviewing one such issue for a client that was coming over to us. 

🎉I’ve helped clients transition into STR ownership before, and your situation brings up some great questions.

I tapped out my client pool of investors and began to seek private capital for equity and I keep hitting walls. 

This is how our bookkeeping Clients operate and it works.I've heard good things about Rentredi and Rentastic for PM.

Accurate records of all expenditures are essential to claim deductions and calculate the cost basis for future capital gains taxes, including depreciation recapture.This post does not create a CPA-Client relationship.

I’ve been securing great deals for clients in the Hampton Rd area. 

Also, I agree with organic growth, we get some inbound leads and referrals and have a high conversation rate closing them, and they've been great clients so far.