Hi there! I just launched my first STR and am trying to navigate the tax setup. My partner and I own it together (but we are not married) and are both on the loan and deed but we do not have a LLC because we used a 2n...

You’ll have to talk to an “expert” but I wonder if you’d be better off buying the house with a “1 year right of occupancy” for $122k instead.

https://www.wlky.com/article/p...

We have a bunch of great guest speakers lined up including a cost segregation expert (google it - it's a powerful strategy).

That way you can learn from an expert on how to successfully purchase a large 100+ unit apartment complex and get involved as a general partner. 

I'm looking to grow my network and learn from the experts on this forum.

TaxesI am not an expert here, but I believe there are some small advantages to owning the real estate in an LLC vs Personally (filing as a Sole Proprietor), especially if you are making active income (flipping, wholesaling, etc) through any of the entities by filing as an S Corp.

The fact is, the best market is the one you're an expert in.

. - Your vacancy is also too low, you have to consider the difference between physical vacancy and economic vacancy.

Call airbnb and vrbo and talk to the expert