Background checks help verify the integrity and track record of the sponsor.

The purpose for setting it up as a STR was simply to help defray the cost of owning and maintaining the property, but again we feel that the time we put into it is taking away from our quality of life with our family/kids.We're looking for advice on what to do with the property.

Construction costs in NJ are high but we help owner builders design and contract out their build.

@Skip Rivera - Check out this from CA State Controller website, http://www.sco.ca.gov/ardtax_tcs_pubauction_bidder...Hope this helps some.

Are you trying to help qualify for something with this income or just want to live there while renting it out?

Please let me know, appreciate any input/help!

You need to figure out how to bring value to hosts to help and don't be afraid to tell people what you are trying to do.

If you ever need any help or advice, I'm happy to help.

I would deeply appreciate your help.1.

Asking for help is not necessarily one of my strong points, however I truly believe in the knowledge that exists within this forum, and I would highly value any and all mentorship that may be available to help get me going in the right direction.