Readers are advised to seek professional advice.

As a realtor, I have to disclose I am that and I have to be super careful about "theft of equity" laws up here meaning that if someone comes to me for my professional opinion because they are not sure if they are going to list it or not, I can't really just offer to buy it.

Now, I'm looking to consolidate our top-performing luxury 7 RAL homes into one portfolio and seek a passive investor for the real estate, while our team (MDSL) continues to manage and operate these homes.

In cases where I rent a room I just rely on checking they have a professional health care license and a job in the area but that is only because the roommate is my son.  

How about this: TX trust -> Wyoming LLC(with a professional registered agent).Trust is generally preferred by lenders over LLCs.If OP gets sued for personal reasons, the plaintiff would not be able to discover his property even if they searched every state. 

of course, consult with a professional, but recommend starting here https://www.irs.gov/taxtopics/tc701As mentioned, you still have to pay the depreciation unrecapture.Good luck.

Personally I think it is a bit different as these folks are professionals who are coming for work then heading home.

Currently self manage my own 2 Rental properties and seeking for my 3rd investment property this year (hopefully).

I try and spend as much time outside the office as possible networking with local investors and real estate professionals and would love to get a group together to share ideas and learn the different perspectives everyone has on the STL market.

For example, the revenue expected during the low season is five times less than during the peak season.In summary, this methodology offers a comprehensive approach to analyzing the short-term rental market within specific subareas of interest.By localizing demand hotspots, identifying outstanding property types, uncovering key amenities, pricing strategies, and conducting a financial case study, we gain valuable insights into expected returns for properties available in the for-sale market.Ideally, investors would conduct a similar analysis for every demand hotspot within their city of interest, evaluating both the short-term rental and for-sale markets before assessing expected returns.Legal disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial, investment, or legal advice; individuals should consult with a qualified professional before making any investment decisions.Did you find any value in this article?