Basit-  The point of the podcast that I was listening to was that this "STR Loophole" ( I know it's not a loophole, but that's what they were calling it on the podcast) is relatively unknown to many tax professionals and STR owners.

We are helping our communities, business owners in our communities etc.  

Mark, I have myself, my wife (owner payments and bookkeeping), a second property manager, and an administrative assistant.

, and the same is true of PM companies AND owners that use PMs.

The owner called me a few days after receiving.

Now I don't know if you are a believer in the tomfoollery of these asset protection gurus who have you set up multiple LLC's but, however, that theory of keeping everything in separate vaults does not work with getting a NonQM bank statement loan for example which could be used as income.You live in the property- owner occupancy also limits you from many commercial or DSCR type loans.

The Operating Agreement of the owner LLC will specify the terms of the promote etc paid the GP entity.

I found an owner that bought three multifamily properties last year with the intention of renovating them, and then keeping them long-term.

When I get to them, the home owner might think of me as his "fair-haired boy" and want to talk to me.

This data can provide light on their dependability and level of client support.Seek recommendations from other real estate investors or property owners in your area.