Hey everyone!
I'm hoping to tap into the wisdom of fellow STR Management operators here. My company currently manages 15 properties, with 20+ leads in the pipeline, and we’re expecting to double our portfolio this ye...

Plus there should be amount over which they don’t do the easier without first showing you the quote from the vendor, describing what’s wrong and what needs to be done to fix it.

(check page 7 of this IRS Pub)Something that's non-passive and you materially participate means you can deduct those losses up to the excess business loss limit. 

If it provides a nice return on investment and you plan to hold it for a long while, then it makes sense.I already talked to the city and its OK to do what I am describing. 

I pay a real estate agent for listing properties and I handle payments through Rentec Direct app.What is the rate that should be paid for property management (partial PM as described).

But did create issues of determination of value when distributing the assets of the LLC because all properties are probably not exactly equal in value or equal to a members % interest.But either of these can be made to work for you in the situation you describe.

As for starting a business, are you looking to start a "real estate" business or "non-real estate" business?

I just wish I was doing it for my own business.

I use Foremost for my mobile home investing business with the properties I buy and hold.

The closing of this business is what lead me to “double down” on real estate.