This forum is super helpful too so I try to regularly review what’s going on and be as helpful as possible. 

The tax savings could be larger than the regular income. 

I've also held of holding properties in individual LLCs that are owned by one S corporation, which allows for a 60 / 40 split between ordinary income (regular tax) and dividends (capital gains tax rate).With the goal of minimizing taxation and liability protection, what would be the recommendation from more experienced people here?

It's a different animal than regular residential.

Connecting with a local expediter or a GC who regularly pulls permits in the area can help you navigate this quicker.3️⃣ Financing & Appraisal Risks – Depending on how bad the foundation issues are, lenders may be hesitant or require additional conditions.

I have many questions that need answers so I will likely be a regular here in this chat.

Enough so that my wife and I no longer need regular income to support my families life style via the 4% rule. 

Additional Considerations: Costs & Market Changes•Ongoing Maintenance & Housekeeping: STRs require regular deep cleaning, restocking of supplies, and maintenance.

We are continuing to do regular flips and wholesale deals,  4 new builds this year.

They were pretty regular in getting deals and the properties were not horrible.