Based on what my mortgage broker told me a couple of days ago, these rates are in the low 7%'s, whereas the secondary home loan is low 6's.

Now all taxes are based on a super low rate you can’t fight. 

As Greg mentioned you can do a cost segregation on a STR, LTR, or other real assets but your client may not be able to utilize the benefits of a cost segregation based on their full situation. 

That way you have a home base that isn't sitting vacant and you are producing income. 

Also if this property is on septic that also can throw a wrench into the ability to call a space "a bedroom" as septic systems are sized and permitted based on the bedrooms.

Based on my reading and understanding I'd like to form my LLC in Wyoming. 

If you die while holding the property, it gets a stepped up value and all the gain is tax free.If rental the taxes can be deferred via a 1031 and if you die while holding it, it gets the stepped up bases with gain forgiven.Hopefully the numbers provide some example of possibilities. 

I'm based in the southwest and I currently have 9 units and I am currently helping 3 investors for MTR at this moment. 

Hi Everyone, I work for a investor focused Real Estate Team (Morrow Wargo Group) based around Allentown.

This is anecdotal information based upon the interviews I’ve had with operators across the country.