What if you're a cardiologist with no debt and making $250,000 annually?

Do you know if there is a service, monthly or annual fee for opening one of these accounts? 

Even if you only averaged 2.8% appreciation annually, which if you've had it 20 years I have no clue how that's true given prices have well more than doubled in that time, youre skipping over the fact that you have been benefiting from that appreciation on the ENTIRE house, not just the % you paid for.  

I was profiting over $20k annually.

They should be able to determine the COC, annualized return, estimated ARV of a BRRRR, accurate rent comps and more.

At a 7% annual return, this could grow to $908K after 10 years, providing immediate liquidity and diversification.Alternatively, holding the property could yield $825K net equity after taxes in 10 years, assuming a $900K sale, with the potential to defer taxes via a 1031 exchange if reinvested into another property.

An annual business tax as a hotel of $50 and collection and remittance of transient occupancy tax of 12% from renters is required of all short-term vacation rental operators.

Reading thru Vail Resorts annual report the other day and looks like they loose money. 

Revisit your strategy annually to adapt to changing goals and market conditions.Good luck!

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.