.📜 Know the rules – No "deal-making" in the forums (that means no advertising, pitching services, or looking for partners).

Quote from @Sherylyn Holden: I posted awhile back about the new short term rental rules in San Antonio here: https://www.biggerpockets.com/forums/530/topics/1200417-new-...Wanted to share a brief update on my experience and some other helpful notes:The city is getting serious about these rules.

If it is with a former employer, simply create an SDIRA and roll it over.Before doing any of that, you should familiarize yourself with Prohibited Transactions.

Failure to meet material participation rules will limit rental losses to offsetting passive income or carrying forward.This post does not create a CPA-Client relationship.

Their animal is still an animal and subject to typical animal rules.

In most cases, neither is warranted.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

.: What is the 2% rule ? 

@Andrew Albritton Yes, a 1031 exchange is possible, but since your in-laws are related parties, both you (the buyer) and they (the sellers) must hold onto the exchanged properties for at least two years to comply with IRS rules.

.📜 Know the rules – No "deal-making" in the forums (that means no advertising, pitching services, or looking for partners).

@Angela Simon Using a 1031 exchange to fund an ADU build on a co-owned property may not fully qualify under IRS rules.