On the other hand, if you're aiming for long-term rental properties, getting prequalified with a lender specializing in traditional loans or DSCR (Debt Service Coverage Ratio) loans is key.

Look for CPAs who stay abreast of evolving tax codes related to real estate and possess a comprehensive understanding of deductions, credits, and depreciation strategies unique to the industry. 

Your town may have just undergone a comprehensive reevaluation which adjusts the property values of the whole town.

Hi Rod, so would you say that as long as the property has the right insurance coverage that it should not be a problem?

Look for loans such as DSCR (Debt Service Coverage Ratio) loans. 4.

I do not think enough coverage is going to the people who are fighting this fight -that job is tough and a big uphill battle to fight these fires. 

@Kenzer Hodgson For your STR, an umbrella policy can provide liability coverage, but an LLC offers additional asset protection by separating your personal and business assets, which can be valuable in case of lawsuits or audits.

Storm sewer, storm pond, sewer lines, water access, fire hydrants, public bathrooms, surface coverage, sidewalk or bike paths, setbacks, power lines and right of ways known and unknown, road access, etc.              5.  

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

Most, if not all screening tools do not include a comprehensive rental screening with a renters prior rental rating like Mayistay.