Provide clear instructions on where and how to pay to avoid confusion.Recover Security Deposits: The current property manager is legally obligated to transfer tenant security deposits to you or the new management company.

Quote from @Pat Aboukhaled: Curious.. do you think a flat rate for the whole season feels more convenient, or would you rather pay per snowfall to avoid paying for a mild winter?

With an LLC, you may be able to deduct business expenses more effectively and avoid double taxation.

Ultimately the pictures combined with the location are what sells it.You want to avoid HOAs at all costs.

In Missouri, a married couple jointly owning LLCs is generally required to file partnership returns for each LLC, necessitating Form 1065 at the federal level and Form MO-1065 for the state.However, the IRS offers a Qualified Joint Venture (QJV) election for married couples, allowing them to avoid partnership classification by treating the business as a joint sole proprietorship.

https://www.airbnb.com/users/s...Let's remove the sale/transfer aspect of it and still consider the same question, or assume that as it is likely, not possible to sell the listings themselves.

I'm getting up there in age and feel like I'm getting a late start, so I'm looking to avoid any unnecessary steps along the way.

I have been avoiding this forum for so long because well, I am ashamed of myself a little lol.

I also see your point about avoiding bargain basement properties, especially insofar as tax shielding is easier with an asset of a reasonable size.Your point about barriers to entry is also interesting, since I suppose those barriers can be geography (natural boundaries of mountains/water), but you're probably referring to that which impedes future construction?

We do have a mortgage, so we would need to talk with our lender to avoid the "due on sale" clause (at least that's how it has been explained to me).