The question was specifically about TX Franchise tax. 

However, specific regulations may apply, and it's advisable to consult with a legal expert or housing authority to ensure compliance and handle the situation appropriately.

The key detail here is how the trust is structured and the specific circumstances surrounding the sale.In many cases, the type of trust (revocable vs. irrevocable) can influence the tax implications.

According to passive activity loss rules, every business is obligated to adhere to specific criteria, especially when it comes to short-term rentals.

@Cristian Estremera I’d be happy to try to answer any specific questions you may have.

Let them know - as specifically as possible - what you are trying to achieve.

This is where you can go down the rabbit hole of where to find these deals…different philosophies and what is even realistic ect…this is super market specific and a whole conversation of itself….however still very possible as this is how I started out.

May be something for you to think about and double check whether or not it's the same in your area.The upside to this is that your returns can be great using a rent by the room strategy as long as you are prepared for the specific needs of the market.

Miami isn't a city; it symbolizes ambition and the joy of accomplishment.Lets delve into the specifics!

I'll bring a list of specific questions.