Unless you have a clause in the purchase of the entity that clearly makes you responsible for the entity from the day that you buy it(Indemnification) I wouldn't bother with the LLC.Good luck man. all the best!

Youre right, but if you are doing the work yourself it can be daunting because the buck stops with you and having that responsibility on your plate 24/7 every waking hour of the day and putting in 12 hour days, it can be rough.

Thanks in advance for your response and knowledge!

Izraul Hidashi, I believe that you have gone this long with no response because they do not want this info to be released whatsoever.

I'll try to get in touch with everyone individually (though I'm not used to how the forums work yet).I'm also not sure how to make the at replies work, so that's a bit of a bummer.Anyway, as for location I'm in Kumamoto and investing mostly locally.

It will cut down on the fake accounts created to promote certain individuals, markets etc.

I am just starting out with a STR and found that VRBO is not very specific if they are collecting the tax and paying it to the State as a marketplace facilitator or am I responsible for this tax collection and payment ?

I have found them to be very responsive to my questions. 

The client will be solely responsible for capital gains taxes, including depreciation recapture, regardless of the agreement to share proceeds.

Thanks for your response!