Young guy, aggressive, but very smart about your short and long term tax ramifications.  

Been trying to soak in as much information as I can through the forum and books, currently reading "Hot to Invest in Real Estate", have read, "Long-Distance Real Estate Investing", "Short Term Rental, Long Term Wealth", "Rich Dad Poor Dad", and "The Book on Investing In RE with No (and low) Money Down".

Hi everyone, (I was not sure if I should post this in multi-family section or short term rental section, however, to me it sounds like a house hacking)Got a duplex recently where each unit has 3 bedroom/2 bath.

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

If you- own a short term rental in your name- have a mortgage on that property - self manage Do you still create a LLC to manage your rental business or do you manage it under your name and then file income and expenses as part of your tax filing?

We know that owning real estate in the LONG TERM has benefits that outweigh the easy short-term choice of renting.

I work for a wholesale broker and have a client that is looking to purchase a short term rental in NC on approx 1 acre.   

Will shoot you a text shortly and will check out your YT channel -- great resource! 

The city boasts a strong rental market driven by a growing population which could potentially lead to a steady income.

I need to replace that monthly income of $5200 a month, and I have ambitions to invest out of California and am looking at markets like vegas either short term rentals, codo hotel (very iffy on this), and Toledo, Ohio.