Alternatively, if you’re using QuickBooks Online with a plan that includes the "Payments" feature, you can collect rent directly through QuickBooks while staying on top of your bookkeeping

That’s a helpful perspective as I plan out my projects.Thanks again for sharing your insights!

I plan to live there with my wife.

I myself am in a similar position looking to acquire a secondary home in the Banner Elk and would plan on using as a STR and would love any input on your findings!!

Ramping up this year but my wife and I ultimately plan to move to Georgia in 2027 (we already have a realtor for the curious). 

We're crunching numbers and planning to make purchases this year in the self-storage space.

@Kenneth Joseph Perfido If you’ve moved to a new state and plan to conduct business there, you generally have two options: register your existing LLC as a foreign LLC in the new state or form a new LLC in the new state.

This is the graveyard of great ideas, plans, hopes and dreams that were never done.

What did they say is the plan?

A potential goldmine for those seeking to increase property value and generate rental income.However, navigating this opportunity requires strategic planning.