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This property would have multiple income streams, including as an airbnb, wedding venue, bed and breakfast, corporate retreat. 

So I am military, originally out of CA so it's my "home state"/residency but very easy for me to change as I am stationed out of CA and have been for a long time.I own several properties in CA and one in WA. I had a c...

@Guillaume Vidallet As a Florida resident buying properties in multiple states, it’s generally best to form your LLC in the state where the property is located.

I toured some apartments in August and there were multiple uhuals parked out front.

I do suggest putting the asset in the app ASAP to lower the audit risk.You can meet Substantially all participation tests (test no 2).

There are definitely multiple options and some will allow for a set amount of personal transactions per year to waive commission splits.

However if you plan on buying 3-4units, there is a trigger rule for FHA, it is called the self sufficiency test.

Overall, I've closed on multiple properties with them before and had no issues.   

A few years ago one of the investors who had multiple properties in Manhatan Beach CA, then Phoenix AZ, who has been doing it for 30-40 years told me: " A property does not really cash flow till its paid off"Honestly, I am looking at my properties, and half of my properties cash flow anywhere from 800-1k, but the remaining dont cash flow at all..Honestly, I cant say that even those that do cash flow 800-1k per month do not really make a big impact because a tenant moves out, I have to clean/fix, etc.