Keep in mind that there are two roles you play as a STR owner: that of a RE investor and that of a business owner.

Schedule E typically caters to rental income and certain types of passive income, while Schedule C is tailored for reporting profits and losses from a business or self-employment. 

Getting into business with family only ends in one of two ways, and its often times not positive.

They understand the risks involved and have the knowledge and team to navigate through that.

Hey everyone, any thoughts on taking out a business loan for buying your first rental property?

Which will bring plenty of other investors and general business to the area.

According to passive activity loss rules, every business is obligated to adhere to specific criteria, especially when it comes to short-term rentals.

I’ll reach out to some hard money lenders and definitely look into the FHA 203k Another option that I was recommended by my hard money lender today- was to open a business credit card for smaller loan amounts.

It's hard to navigate.

Your expertise and insights would be greatly appreciated in helping me navigate this decision.Thank you for your assistance.