(Now that's assuming that the price is not just ridiculously high :-)I have a buddy who is always about the prices when choosing service businesses.....and guess what?

So I would suggest keeping your STR property geographically close and doing as much as possible to keep your profit% high as possible.As far as the actual house you use, I would just say - be honest, be fair and strive for the best area, most amenities, cleanest house, best communication, and any other extras you can get.

Is all of the other stuff phony?

You'll just add to your losses and still have the same mess to clean up.The process for abandoned property is to give written notice to the tenant at their last known address (your rental).

Unfortunately the short and mid term markets are slowing down.

I could come up with a down payment for an investment property in a different state easier than my home state at prices are pretty high in the 300-400 k just for townhomes.

Post insolvency, the framework allows an assessment to all private insurers operating in the state to cover the difference which will subsequently pass the costs along to policy holders.

One last follow-up question.On one of the IRS forms, I found the language pasted below.

Hey @Ashley Kroft I love using Pricelabs feature of creating a comp set because you can really drill down to the finer details of what others are doing in the market, in your specific area.

I didn't see a need for a holding company but if someone wants one, you can just use another LLC as the holding company.