This example of the Raptor RV and marina is a great reminder that it is important to not only have clear business goals, but also to document all expenses and use of assets for the business.

For example, an investor I know had lien put on her property in San Francisco because the nightmare tenant didn't pay the last trash/recycle  and water bills before tenant moved out.

Typically No3.

@Stuart Udis Not saying this is the most effective setup lol, this is the just example we're working with.

AlabamaEffective Property Tax Rate (2019): 0.37%4Typical Home Value (2022): $189,9766Annual Taxes on Home Priced at State Typical Value: $702.9The current metro area population of Montgomery in 2023 is 374,000, a 1.91% increase from 2022.

First thing to know about LA County, except for a few cities (Malibu, Topanga, Long Beach for example), only a primary residence can be utilized as a short-term rental.

PO box or your attorneys office is typically the protocol.

Some local municipalities don't even check for them, that's typically a state law.

So it could be SOFR +5 for example which is 5% above current SOFR

With out of the area Airbnb's, you're probably going to want to hire someone to manage which typically costs 25-30%.