Farmers Insurance has a vacation rental division called Foremost. 

That way you have a fallback plan if it gets overwhelming. 6.

Also, without even looking at the plans a 7 unit building will likely have flawed floor plans and/ or an inefficient layout unless its an irregular site.

I plan to continue to invest in southwestern Ontario (London, Woodstock, St.

I myself am in a similar position looking to acquire a secondary home in the Banner Elk and would plan on using as a STR and would love any input on your findings!!

Hey @Mario Morales I assume you're planning to purchase the new property under your personal name rather than through an LLC?

Would this be a feasible plan?

That’s a helpful perspective as I plan out my projects.Thanks again for sharing your insights!

The demand for vacation rentals in places like Destin, 30A, and Panama City Beach remains strong.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.