This will not work if your intention is using another tax deferred savings vehicle to shield your physicians income from taxation without production from your real estate sales.  

Income tax at Capital gain rate- let's use a flat 20% for this discussion. 

Also, realize that his labor/"sweat equity" can't be taken as an expense when determining taxation. 

Hi Jackie,Yes, Single Member LLC can be taxed on your personal tax return as it is a pass-through taxation entity.

However, the two reasons LLC exist are (1) to produce a “remote entity” that doesn’t have the compliance complications of a corporation so that it’s relatively easy to comply and very difficult to prove an LLC is a persons “alter ego” (thou nowhere near impossible) and (2) to provide a remote entity that qualifies for “pass through” taxation benefits.  

LLCs are a type of business entity that shields owners from liability for business debts and avoids double taxation while providing for a flexible structure to manage the business.Would you consider one better than the other and why?

The verbiage is not exactly clear, but for taxation it is clear - 6 months and 1 day constitutes a long term stay versus a transient stay

Seems like the backlash to the Colorado STR taxation bill is already having some effect.

Quote from @Diana Barrett: ashish, if i am looking for a CPA, is it wise to go outside my primary state, or find an investor friendly in my home state. tku.If you can find a local one, it is often better if your state has state taxation.

Let's assume annual tax at $1,200 ($100/mo) and Insurance at $800/yr ($75/mo).