This not only preserves the value of your investment but also enhances its profitability over time.Also, I'd like to emphasize the importance of understanding the local market dynamics, which will help you make informed decisions about where to buy, what to buy, and at what price.

Just trying to get as educated as possible before making any decisions, and setting up my asset protection accordingly. 

This decision effectively reinstates the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements nationwide, pending the Department of the Treasury’s appeal resolution.Click herefor the full article which includes the new reporting deadlines.

Kudos to you and Debra for making it happen—this is a great example of how collaboration and decisive action lead to success!

So think twice before taking any outsized risks, as you already achieved a nice equity base, and you don’t want to end up screwing the pooch by taking unneeded risks ;)Good luck and keep us posted on your decisions…

The operation of an STR has almost nothing to do with real estate and 100% to do with hospitality, that is where you can distinguish yourself from other operators, provided you made a good decision in your initial purchase. 

So my best advice would be to not make a clear cut decision yet, but keep your eyes open for an opportunity that gets you there.

I have a similar perspective, as I am right on your heels with the same decision, so I'm naturally inspired. 

It's a big decision, and I recommend spending some solid time in each area.

Required again as of 12/23/24 Appeals Court:"In light of a December 23, 2024, federal Court of Appeals decision, reporting companies, except as indicated below, are once again required to file beneficial ownership information with FinCEN.