Any insights would be incredibly helpful!

This deal proved to be the perfect balance of financial gain and personal enjoyment.

Any advice, insights, or lessons learned that you’re willing to share would be greatly appreciated.

Depending on comfort and cash, it might be a viable option as you can build equity and then sell without having capital gains, assuming it's your primary residence and you've lived there for 2 years.

No but keep track of those repairs as it will add to your cost basis when you go to sell it and have to pay capital gains.

Check out the rookie podcast forum, you will gain a lot from it. 

I would imagine the LLC will have its own EIN, but we will still report the gain/loss as pass-through income on our joint tax return.

Hey @Isaiah Cortez, here are the deets on STRs via the city - https://www.fortlauderdale.gov/government/departments-a-h/de...I don't have any real insights on the area, but do a search and you will find some details.

Let's connect — I’m all about collaborating and sharing insights.

Quote from @Danielle B: @Shawn Ackerman thank you for your insight.