I keep dismantled old house materials for almost 20 years in the trailers.

Hi as Steve and Jason pointed out it is very important to keep funds seperate.You will need an escrow account, if it's required by law, your account will need to be titled XYZ ESCROW ACCOUNT, if not so required, it can be any account but ONLY deposits and funds held in trust should ever be depoisited to this account and any withdrawl should be well noted on the check and on your books.If you comingle you accounts and you need paper towels to clean units, the IRS can simply disallow your deduction saying it was used at home since it was paid from a personal account or one of comingled funds.I too would suggest you formalize a business entity, an LLC probably.

The eastern panhandle is a great place to invest. keep working on Bigger Pockets.   

The FDIC has a search for true "community" banks: https://www.fdic.gov/resources/community-banking/search/cbi-...Keep in mind there are rules these banks must follow in order to qualify as a true "community" bank.

@Jake AndronicoI have been keeping an eye on the NV market.

It ismportant to keep in mind, especially if you are out of state and/or flipping or brrring, to have a team in place prior to help navigate as you go. 

Make sure you feel comfortable, but keep in mind if you ask for too much (in comparison to other MTR hosts), you might lose out on guests. 

Just keeping things separate for now will be a big help come tax timeGood luck

A co-host will be expected to know this and how to achieve it and execute on it in order to be successful.Also, keep in mind some states are very strict about what it means to be a co-host.  

Keep using your 2/5 primary no tax up to $250,000 and your basic rent offset cost for the investment.2.