I think tax benefits should be secondary to buying something that would work well as a STR.I would recommend you consult a tax professional to see what possible tax benefits you could receive from buying this STR.

This method allows each partner to defer capital gains tax on their portion of the property.It's important to perform the "drop" (distribution of property to partners) well in advance of the "swap" (sale or exchange) to comply with the "held for investment" rule.

Feel free to share any thoughts you have here as well. 

You will need to make sure that are no gaps in windows, doors, etc and that the HVAC system is well maintained as a tenant could argue that lack of remediation is the culprit for a high utility bill.

I currently use Wells Fargo and it’s a pain in the butt to keep going there in person and setting up a security deposit account.

Prices are higher, but rents are very high as well.

We do well with ours in Denver and Colorado Springs, for instance.

I am a licensed agent in Kansas and Missouri as well as looking for my first investment.

I've done a lot of value add as well so that helped speed up the process.

My question is, for those that are familiar with Rent Redi, are the instructions to confusing for most people to follow and fill out the prequalification form and I should simplify the process, or should I consider the instructions of the prequalification form a way to weed people out and if someone isn't willing to follow through with those steps I should consider that in the type of tenant they well be?