I think most of horror stories came from people who do not understand how insurance system works.

Unfortunately, this problem waste a lot of my time that could be spent on other investments.I have used the same tax professional for many years and he is very educated, but also much older than me and it's hard for me to understand all the reasons he has expressed why is better to put the rental on my personal tax returns.

Especially when there was far wealthier people than me spectating my journey, and probably highly successful and well to do  people here reading this. 

There's a reason that people try to buy properties off-market and that is because you can find sellers who care more about terms than maximizing returns.So start with a conversation: you already presumably have some rapport since it's your landlord and you've spoken before.

I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.

Second, in terms of asset protection, LLCs are not invincible, but I think what many don’t understand is that they are not designed to completely shield your assets from liabilities, on the contrary they are designed to contain and isolate liabilities.

What I am trying to understand is after Coachella ends, would it still have the strong recurring demand/occupancy for STRs?

And, I think its fair to say that we all may forget what people say or the information they provide, but we all never forget how someone treated us and made us feel! 

Truthfully, I am not that big on coaching programs BUT, I can understand the benefits of having someone in your corner teaching and coaching you on the ins and outs of real estate investing every week. 

But needed em to understand not to make that on our cows, chickens, turkeys etc..