Also, would this loan help build my personal credit, or would it only report to business credit bureaus under my LLC?

Is there any benefit to visiting DoH offices in person? 

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. 

Quote from @Ashish Acharya: @Niklas Zhu If you tear down your STR in 2025 and convert it to personal use, depreciation recapture does not occur at the time of conversion.

Office space is gutsy at this time with many companies working remotely, maybe part of your investment was to bet that people will be coming back to work in person.  

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.

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.