However, my strategy and company direction has changed much since then and prefer to keep the borrower in the property (think keeping a renter in a property to cover costs).  

I’ve had a tenant through Airbnb which has extended her stay twice (each a month) and has been giving feedback as to how great it’s been.I come to find out (via a lead paint inspection and going down to check on the property) that she is 100% doing rental arbitrage which was not approved by me.

You can furnish the bedrooms and list it on AirBNB yourself if that's the direction you want to go.

If they don’t have folks on staff that can help they can usually point in the right direction.  

References for this include IRS Tax Topic No. 414 which details when to use Schedule C for rentals, and IRS Letter Ruling 202151005 which details when self-employment tax is applicable to rentals (which is equivalent to choosing Schedule C vs.

Most of the OOS markets investors target do not have much appreciation potential, are lower end properties that will have ongoing issues and will not give the OP the opportunity to self manage his units to gain true real estate experience and understanding.

@Roseann Koefoed,As long as you have legitimate self-employment or an active business, you will be able to establish a self-directed Solo 401k plan.

Since commercial property values are based on the amount of income generated, these improvements, along with market appreciation, typically lead to a substantial increase in the overall value of the asset, thus leading to sizeable profits upon the sale.Summing It All UpSimple enough, right?

Directly West of that is Waldo.

If you are buying future properties, it is best to buy them under the LLC directly especially if you are buying them in cash.