If they say they do not need to fill out a W-9 as they are exempt from 1099's being a corporation, then they still need to provide a filled out and signed W-9.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

We will be investing through a US corporation and all partners (and there are many) are foreign nationals so we cannot give any personal guarantee or collateral.

Be sure you have registered ALL your Corporations and LLCs by December 31, 2024Failure to file is a $500/day/entity fine!

Here are a few alternative rental strategies:Medium-Term Rentals: Platforms like Furnished Finder connect you with traveling professionals, such as nurses and corporate employees, looking for 30-90 day stays.

In order for Waco to realize its potential, they need more corporations that will provide an influx of jobs for college graduates and higher earners.

I have 17 years of corporate RE and compliance experience, so the LIHTC reporting and annual financial audit does not scare me.  

First, be sure you have registered ALL your Corporations and LLCs by December 31,2024Failure to file is a $500/day/entity fine!

When we make little slip ups, as we might easily do, a lawyer might use those to “pierce the corporate veil” and go after us personally anyway.  

If managing the STR is no longer sustainable @Robbie Shiver, here are a few alternative options to explore:Mid-Term Rentals: Consider marketing to travel nurses or corporate relocations for stays of 1-6 months.