They seem to just forward emails and pay vendors and collect the assessment fees.

I didn't know you get tax benefits as well.

When it transferred to me the taxes jumped to 6500.

The primary motivations for purchasing an LLC that owns the real estate is to avoid the potential of a significant property tax increase and to eliminate conveyance fees.

I'm here because I recognize that I need to get serious about building cash flow and doing something about my tax bill every year.

Con: lower returns (@7%) and higher fees. 

The lake's beautiful setting attracts tourists, making it a lucrative spot for STRs, especially during peak tourist seasons.STR operators in Oklahoma generally need to adhere to zoning laws, licensing requirements, and may be subject to taxes such as sales and lodging taxes.

I talked to a couple vacation rentals that don't really handle the STR and they aren't seeing much enforcement as long as you pay taxes on the income and not causing issues with the neighbors.

With that, a surviving spouse that decides to sell will save on capital gains taxes.

I've found that you can go to the county clerk and county tax websites and get some information on the property.