You will find that every PML has a different business model.  

Congrats on getting started with the STR business. 

In CA, you are legally required to have a CA LLC if you are "conducting business in CA".

Your new place should turn into your new business location as well. 

Great day to all,I've just been soaking up all the online youtube videos from Bigger pockets one after the other and I've made the determination to scale my business massively using the multifamily addition into our (wife and I) portfolio. 

I am a general business major and also currently working on obtaining my real estate license to become an agent.

You have to complete Schedule E if you have rentals.You should check if the turbo tax premier version allows the filing of Schedule E.With that said, using a software like Turbo Tax will assume you to understand what is deductible.If you work with a tax professional, you are more likely to have an accurate return.

Many businesses adjust their pricing strategies in January, which historically leads to a temporary bump in inflation.

My goal is to help people invest in properties and grow my business, but as a beginner, I'd love some advice on getting my foot in the door. 

Purchase price: $325,000 Cash invested: $80,000 Good sized three family property with small lot on fairly busy main road.