It will increase tax rates on STRs from residential to commercial, so from 6% to 28%. 

Word of advice: I would avoid any meetups run by Chris Merz.

Why not sell at a stepped up basis and pay zero taxes Uncle Sam?

My question is what are the tax implications of this?

Quote from @Laura Kreinbring: Yes, you’re right about the “weeds”It’s tax code weeds!

Though we can do that, LLC is preferred by most of my clients.o Individual credit will be used for determining max leverage (80% LTC is highest available) and interest rate.o Personal income, taxes, and debt-to-income ratio will not be utilized.

When you stop worrying about appreciation, you'll wander into markets that you might have avoided.  

in Mass you can avoid sprinklers by using IEBC chapter 14, a fire safety analysis of the building. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Here is the thing @Dylan Lersch...everything ends up being a mindset.In my mind, you can't get the wrong house BECAUSE that's the one got lol and things will come up and because you have a growth mindset you know you will avoid them the next time...The only way I've found to avoid mistakes is to learn from other people, get as many smart people around, and ask as many questions as possible...BUT still, at the end of the day, each one of us has our own individual journey you can get as many smart people and ask as many questions but nothing replaces experiencing things yourself.The people I have seen scale the quickest, but systems in place the fastest.