Hotels are definitely not fans of STRs but it is regular people and safety officials that are pushing for these regulations. 

but careful planning and documentation are essential""...making sure that your wife understands what she needs to do to document her hours and activities."

Both properties have a substantial amount of equity that’s essentially sitting idle.Would it be a good idea to tap into this equity (through a HELOC, cash-out refinance, etc.) to fund future fix-and-flip projects or purchase additional rental properties?

Research the Market:It's essential to comprehend the local real estate market before you start flipping residences.

It will include a compact bathroom, a tiny kitchen area, and a heater—just the essentials to make it comfortable for someone to stay in.

How much longer will it take for her to finish he cleaning and painting to her liking, while your losing rental income on the other unit by her essentially occupying 2 units?

Essentially you've got 5 platforms (YouTube, TikTok, IG, FB, & X) all providing the same vertical short frame video content.

A knowledgeable attorney can advise here.Create a solid operating agreement: Since you own the condo with a friend, a clear operating agreement is essential to outline responsibilities, decision-making, and profit-sharing for the LLC.To save on costs:Look for real estate attorneys who specialize in investment properties and might offer package deals for the retitling, operating agreement, and filing the LLC.Shop around for title companies that can handle the transfer smoothly and provide competitive rates.Research DIY options for setting up the LLC if your situation is straightforward, though I’d still recommend a lawyer for the transfer process itself.Good luck with the process!

In this guide, we’ll explore five essential tax mitigation techniques that every savvy investor should know.1.

Than learn with that safety net until your ready to take things back over to self-manage again.