I have personally known Dmitriy for over 15 years, and my company Marshall Reddick has referred him hundreds of clients since then that have all raved about his service, knowledge, and professionalism.

Maximizing cashflow becomes a strategy choice that accounts for your market and tenants.

I recommend you go visit a few times to network with local investors or find an investor friendly agent so you can gain local market knowledge, find off market deals and for things such as showings, picture taking or getting accurate comps.

Being local affords many conveniences based on access and your knowledge of the area.

You have a choice in STR. 

Build your portfolio as your knowledge and wealth increase. 

That would provide you with both knowledge to help you run numbers but also provide you with a funnel network that can bring deals to you once you are ready to move on an actual property to invest in. 

I've read everywhere that they do not.Can someone explain which one is the correct choice and if any extra taxes are involved if they need to be on the LLC?

I have knowledge of those states.

The real property investment can be repositioned if it proves disappointing in its original form; it can be refinanced or recapitalized if it has too much or too e pensive debt; inflation over time bales out many bad purchases, and finally the investors knowledge, experience and abilities can be leveraged to turn around a cash flow negative property.I’ll provide an exampleThree years ago we purchased a note from a bank secured by two auto repair facilities with a large amount of excess land.