Hi All,I have a story with a few layers of issues and I'm interested in advice on how best to handle.

im in Orange County CA and there is a huge market here for room by room rentals here. i've been doing this for quite some time (over a decade now), and it certainly has its pro's and cons. my advice if you go about this is make sure you do proper vetting before moving someone in... not only for financials/ credit-worthiness, but also for temperament and expectations in a co-living space. we ask a lot of questions like "how do you handle conflict?"

I'll look into how that is handled at this location.

Start by talking to a cross-border CPA and attorney to handle taxes and legal structures properly.

We reduce the number of investment properties to consider by about 99.6% using our data mining software.

Value and rents should eventually increase to turn cashflow positive and build your wealth.You're next learning experience will be, now that you are out of day-to-day management, how will you be able to handle the inevitable expense challenges?

Helping you to shield W-2 income, making STRs a great option for high-income earners looking for ways to reduce their tax burden.2.

You can use TurboTax to handle these calculations, but if you’re unsure about expense allocation or depreciation, consulting a CPA can help maximize deductions and ensure accuracy.

That Profit number needs to be above our minimum threshold (which is large enough to handle any rehab oh $hits).I live in Phoenix but invest out of state.

They are much less restrictive than other municipalities in South Florida that are actively trying to reduce the number of STRs.Let me know if you'd like to talk further on the topic!