My wife and I are about to put our WI lakehouse out as a STR this year. For liability purposes our financial advisor is recommending creating a LLC for managing all of the STR stuff. I'm in agreement but I'm not entir...

I assume that is to assure them that you live in the rental.HOA's that ban STRs trump the law if it is allowed in a particular area.

I have read a lot of posts on Residential Assisted Living, that I am considering getting involved in, and seems like many of the posts make reference to RAL Academy and noted that there is an online version and in person version . . . wondering if any of you have taken either and if you would recommend one over the other and why.

Or ferry which runs daily.

To elaborate how foolish this is, I receive calls on a daily basis from real estate brokers or wholesalers who ask permission to market properties I own "off market".

My current goal is to analyze properties for potential deals on BP pro daily and start wrapping my head a general understanding of the process. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $250,000

Cash invested: $50,000

Primary house hack.

Transparency, daily & weekly updates and follow-up with all concerned parties.

a lot of people will poo poo this, but I also live in a market where cash flow is low, property taxes are high and properties are expensive (which is a relative term).

So now I have both my personal residence and a leased property as STRs.Even though I live 3 hours away from my leased STR property, I've built a team that assists with managing it, so I don't have to be there all the time.Here are some key things I've learned:Regulations: Research the specific STR regulations in the state and city where you're looking to buy.