Hey Khaled, I have a PM who focuses on multi-family and has high praise from my clients.

We moved into a nice house in Florida when I was a sophomore in high school.

For instance, the area closest to Disney is actually less saturated and has many homes that can be renovated to a high standard and will book well.A bit further from Disney, in newer communities such as Solara, Windsor at Westside, Windsor Island and others, you can find deals in this market.

Because you are not changing the tax return that reports the activity of the property.But... the IRS holds the position that Husband/wife LLCs can only be disregarded in community property states. 

Its time for me to sell, $375,000 OBO2023 Gross Revenue $65,0002024 Gross Revenue $61,000You could really juice the returns by switching to nightly stays instead of weekly/monthlyDM for more info!

Funny enough, I was going to suggest you move out of SF due to the high cost ;-) I'd suggest going down the SF condo route to start as financing for commercial units is a lot more difficult than residential properties.

As these sub single member LLC will be disregarded for the IRS the only tax return will be for holding LLC.The piercing of the company veil is a concept that if you don’t treat your LLC as a separate entity (failure to maintain its documents, registration, commingling of money, not signing as the LLC, etc...) it will show a judge that the LLC was only your alter ego and he would deny any of its liability protection (inside and outside).California is a state that requires that each LLC owned by a resident or doing business in the state has to pay a $800 franchise fee.

If you have high W2 income, the amount your STR makes (or loses) will be peanuts compared to the tax savings.

All I'm looking for is return on my investment. 

Overall it’s harder, but probably worth the effort to get better returns.