Angus Yang Welcome to the world of STR’s!

@Long Yang I would try including the municipality where the property is located somewhere in your post.

@Angus Yang here in Pittsburgh I work with hundreds of out of state investors and they all have different opinions on how to set up this and how to set up that.

@Sean Yang You said one thing that might give me concern if I were your agent. 

Hi there @Stanley Yang - I would typically agree with your CPA, that active endeavors (i.e. flipping) should be held and operated separately from passive income assets (i.e. rentals) due to the varying degree of risk exposure with each.

When the bank foreclosures and lists the home for sale, he just walks away.But saying the bank is paying the taxes?

No, but I did pick up a FSBO once pretty cheap by responding to an ad wanting a quick sale.  He

@Sean Yang, you may have to report your W-2 and 1099 income to the states you invest in (because many states use your federal income as a starting point), but you will likely end up paying tax on only the income you earned in that state...roughly.

@Shanahan Yang"In California, if you don't get a response within 3 days of submitting an offer, it's technically dead.

@Angus Yang glad I could help.