Only 10 related adults or 6 unrelated adults are allowed at a time[6].Required docs to operate an STR:To obtain a short-term rental license, you will need to complete a short-term license application and pay a non-refundable fee of $643, inclusive of a $50 notification fee[6].

Holding your single family in an LLC can indeed be ideal for tax purposes since businesses often qualify for more deductions than individuals.

I encourage you to get involved, ask questions, be open to feedback, and allow other seasoned investors to help guide you along your journey of Real Estate Investing.Best of Luck!

Were not allowed to call it a BP meetup.

Asset class conversion creates an opportunity for Massive value-add, creating enough value for a cashout refi, allowing for millions to be taken out without a sale, which means no Capital Gain, which means no taxes.

Hey everyone, this is my first time posting in the community, so apologies in advanced if I violate any social norms here.As I understand, selling a personal property allows for no capital gains taxes to be paid on the first 250k profit from the sale.

Hey Charles, conforming loans will not allow you to close in an LLC.

Sorry but lenders will not allow you to act as a GC on a property.

However, look up what zoning district the property is in and then reference the zoning ordinance for the city to see if "multifamily" use is allowed in that zoning district.

I noticed a lot of associations do not allow <30 day rentals.