Sadly for them, the local authorities found out and decided the sale of the LLC was the same as the sale of the asset so their taxes went up, which was not in their business plan.

select portfolio loanhttps://www.biggerpockets.com/business/finder/lenders

My taxable for the business was only 16K though because I did a big sec 179 for a vehicle and did another set of big write offs for tax purposes.I also have had a roommate for nearly 2 years.

In the first year of business (2023) should I use bonus depreciation for improvements, furniture, irrigation, landscaping?

A misconception about the real estate professional status (REPS) is that you can be in a real property trade or business (in your case, home building company) and still qualify. 

My business partner also has a lot of knowledge around marketing strategies for this type of STR.

If anyone in this group has experience with forming long term partnerships with other wholesalers that you get into business with via an llc please reach out to me.

Now as far as business I am conducting can require me to have an LLC or business license in the state I am in.

It would qualify for a SBA loan as an operating business. 

A large percentage of small businesses are defaulting on rents and their loans.4.