Trying to gain as much knowledge as possible before entering a market that's over saturated with too many uninformed individuals.

Hi @Emma Hustis, You are acting as a principal and assigning your entity's right to purchase to another entity or individual.

the 50% rule doesn't know roof age, individual market dynamics, anything about utilities, etc. 

We took loans under the individual name rather the LLC, would moving under LLC trigger a sale on paper?

The LLC will file a partnership tax return (Form 1065) and issue K-1s to each partner, with income split 50/50 and reported individually.

or how can I market my STR to individuals who are in town for college sporting events?   

I would like to connect and learn with more like minded individuals.

Once you go to 7 beds or more there are much stricter facility requirements, including but not limited to, fire suppression systems, added points of egress, Individual Response System, and much stricter staffing ratios. 

High-net-worth individuals, private lenders, or experienced investors looking for passive income may be ideal partners.

I want to focus on learning and growing within the community while networking with like-minded individuals, explore diverse investment strategies.Marlon Millington