Tax benefits?

The policy concerned with this “incident” is your general liability.  

Not exactly sure how this would work to make sure we are taking advantage of the loss reported for our own personal taxes.

I’m an engineer that makes a little bit over 100k before taxes and my credit score is 688.

Like others have said there is potentially some liability there (america!)

They are willing to leave their tax in the game. 

You can deduct taxes on the interest that you have paid on your mortgage in Mexico.Cons: 1.

Should be fairly straightforward You know the cost you'll pay for the property The rate and term (ex 7% for a 30yr fixed)Property taxes - this can be looked up via https://atlas.phila.gov/(If you are house hacking you van take advantage of the $80k homestead reduction)Insurance - this may be a bit tricky unless you reached out to a broker already Is there an HOA? 

You get a DBA for your LLC and make a creative moniker to host AirBnBs, but ideally  you hire a STR property management company and pass most liability to them. 

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