This isn't something I've been able to keep up with personally, so I hire property managers who rely on legal counsel to keep up with it.

If the trust is disregarded and you and your wife file a joint tax return the property is reported on your personal joint return. 

You can probably meet him in person if you attend the next HH.

Second- these developments where the same person develops, builds, and then requires you to use them for management- they always suck.

Data point: we have a long-term rental in a popular STR neighborhood listed through Zillow right now.Every person who writes asking to do some sort of arbitrage is blocked by the Zillow platform.I don't even have to say "no thank you anymore."  

Just to present an alternative point of view regarding California residents investing in STRs, I'd say the gambit still works and works well.For one thing, you still get to use the Section 263(a) tangible property regulations' de minimis rules, which probably mean you can immediately expense most of the furniture and fixtures in your STR.For another thing, while for your California return you won't be able to use bonus or accelerated depreciation for the personal property, you will still use shorter 5-year and 7-year lives for maybe 25% of the improvements.But the big thing: The federal tax bill is far, far bigger.

I don't think there is a market for that personally. land development is done on a very local basis and isn't a service many CRE brokers use.

At this point its extremely likely the individual will default and the foreclosure process will happen and it gives a person who can access the documents a heads up that this is coming putting you in front of the people in C above.Where do you get these documents from?

A one-person show isn’t gonna cut it.

Since the original loan was apparently for a primary residence an LLC could never qualify because it isn't a person who would owner occupy the property. 2.