This is often more difficult to find but one strategy would be to talk with STR investors who are active in the market there. 

Avoid areas with high vacancy rates or declining property values, often concentrated in certain inner-city neighborhoods.Since you’re out of state, building a local team is crucial.

It’s crucial to run the numbers and consult with a lender who can tailor solutions based on the specific investment goals.Best regards, Stevan 

Hi Michael,Finding the right CPA is crucial for managing your investments effectively.

I could complete the main road in phases, build 2-3 at a time (could do more really as we have 15 right now actively being built but realistically not sure how fast it’ll sell.

Managing money might not seem as exciting as closing deals, but it’s one of the most crucial aspects of running a successful real estate business.

To leverage the STR loophole, ensure active participation in managing the property.

I know when I was an active Broker my SOP  was get listing open escrow with buyer to be determined and order the preliminary title report prior to spending money on marketing someones property..

I always check active rentals to see what the competition is currently looking like for if a rental were to go live that month too.

Are there specific advantages or potential pitfalls I should consider when structuring these activities through my LLC?