Your cash value grows tax-free (with proper planning), providing you with an ever-increasing resource to fund your real estate ventures!

If you rent it out for more than 2 or 3 years and then sell it, you have to pay cap gains on the profits.I'd also run the numbers on the house to see what you'd get for rent and what all of the costs are associated with the house (property taxes, insurance, repairs, vacancy as well as mortgage payment). 

I also want to be able to utilize the LLC to take advantage of the many tax codes an LLC offers. 

WC is great - great schools, lower taxes.  

Vacasa Guestworks(partial MGMNT model) says their fee of 12% is almost covered by the fact that THEY will pay the Airbnb host fee   Also they will handle the tedious filing of monthly taxes as required by my city/state regulations  I’m not scared at all to handle the online listing and am not keen to pay their 10-12% fee.

Moreover, Kentucky generally boasts lower property taxes and insurance rates compared to many other areas in the country. (2020) #3 Cities with the Best Work-Life Balance, SmartAsset, (2018) #3 Best City with the Highest Salaries and Lowest Costs of Living, GoBankingRates, (2018) #1 Most Affordable Cities for an Early Retirement, SmartAsset#3 AppreciationLexington stands out as one of the few cities in the nation with an Urban Service Boundary (USB).

That will help you make the decision.Between your BAH and tax free 2 of 5 years primary residence you just have to breath to be a $1mm in 10 years.  

For rentals not yet showing on your tax returns (like your Nevada property), many lenders will use 75% of the monthly rent to offset your PITI. 

Tax.  

Hey @Christopher Eduardo, Please talk with a tax lawyer to make your final decision, but in general: In a Chapter 13 bankruptcy, a debtor creates a repayment plan to gradually pay off their debts over a specified period, usually three to five years.