Thanks for the responses everyone, the confusing part to me was if I use the deductions against active income year 1 since STR's are an active business, but then switch to LTR's year 2 which correct me if I'm wrong can't count against active income- if this in some way has a disadvantage with recapture, etc. since the STR business would no longer exist

The one's at the box stores are inexpensive and easy to install and the new good looking heavy glass one's have to be professionally installed (pretty much) and are very pricey.You can just put up a clear plastic liner if you want the bathroom to look a little more finished for no money and the tenant can put a decorative one over it if they prefer.I guess the glass door are a little better at keeping most of the water off the floor but most people do alright with the shower curtains.

They get the use, ownership, tax advantages, maintenance responsibilities, and you get the upside equity if it appreciates.

They are the gatekeepers, and they are now being much more responsive and looking for buyers.We were contacted by the seller directly on this deal because they knew us, and knew we could transact and not waste their time.

If you want to hire somebody for that, I have a girl who can do it for you...You should ask if they're using WordPress to build the website and if they build it responsive (mobile and tablet friendly).Also, if they can create a few pages and install some plugins for you, would be ideal!

@Vasudev Kirs typically, the credit provider will want to hold a PERSON responsible for following all federal statutes regarding the use of a background check - even if you have an LLC.Regarding @Mekkel Blanchard comments about using your name or company name - NOTHING positive about a tenant knowing you are the owner.

I have 200k in liquid cash (yes this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week with maybe a month in the summers as break to see family back home, but i dont want to do this forever) My dad and I want to be partners going into these deals. there is a new construction 4plex i am looking to build which will be 775k that i will put 25% down (half me half my dad) which will cash flow net 2k /mo if i rent it out LT (COC of 11% which isnt bad and apparently my agent who recently worked on a neighboring new build said the appraisal after its built is mid/high 800s, also my plan is after 2yrs to REFI at lower rate). i am considering to have 2 of the units as MTR for local nurses or construction crews which of course can increase profits much more.i also have a 3acre property that i am thinking to build small 2bd 1ba cabins and use as STR/MTR/LTR. but i am also wanting to do do STR as i love the concept and have watched Robuilt everyday learning from him. i am looking to buy land in a mountain/ski town (189k 10acres) and build a beautiful aframe and use as a STR. all these property ideas are close by to me so i will have a close look on them and will manage myself. i have just been consuming knowledge endlessly the last 3months in preparation for this decision.but as you can see my head is all over and im unsure what the correct first step will be. i have many goals and visions of what i want to do i just need some help making a correct first decision on those who are far more experienced than me in this real estate space so i use my capital in the most efficient way. i understand real estate is long game and i have no issues with that but i would like to at a minimum cashflow 100k a month by the time im 30. this is a big goal but i have 8yrs to do this. thank you for your help i look forward to the responses(side note: i am not considering house hacking as i live with my family, this will possibly be an option in the future)

Your plan to execute the BRRRR approach sounds like a solid strategy! 

The only person I would seller finance to is a solid long term tenenat, who has kept the property well over the years.

You use it only with a solid exit strategy to refi or liquidate and pay it off within a set time frame.