If you want to continue with the STR and classifying the property as active, you have to spend 100 hours and more time than anyone else.

I am planning either a 3-story 27 unit apartment building OR if I can purchase the combined 0.8ac parcels on each side of me, construct a gated condo community with end to end road access.

Hi Greg, I spend a lot of time listening to STR podcasts and YouTubers and the consistent assessment is that quality design is pretty much a must. 

So an estate planning lawyer and a CPA.

I’m not afraid to spend money for worthy coaching but I also don’t have $25k to drop on a program.  

Maximize your W2 earnings, get a 2nd job, swallow your pride and live at home (if that's an option), don't spend a dime on anything if it is not food, housing, or transportation, and pile up money. 

It's updated yearly and is the best $40 you'll spend as a Landlord.

This will be our primary residence but our plan is to move out in a couple of years and convert it into a rental.

Hello all,Would love to hear your thoughts on whether there is a beach town that allows short term rentals in California, and where the following plan may make sense. 

For someone who is just operating a property or two through a single LLC it would be hard to justify spending a massive amount of money creating an elaborate asset protection strategy.