Hi Airbnb hosts,Now it is the tax time.

I get the $25,000 to $50,000 Option fee for my pocket, and I can buy another property, plus I get about $8,700 a year in cash flow and the principal pay down and the equity capture and the tax write offs.

There is some fees to start like applying for your license , pay taxes, etc but it still seems worth it.  

Drawbacks may include additional fees for out-of-state registration and possible confusion with managing a remote LLC.2.Wyoming's laws and regulations may impact the management and operation of the LLC, such as annual reporting requirements and taxation policies.3.Specific requirements for out-of-state LLCs owning property in Texas may include registering as a foreign LLC and appointing a registered agent in Texas.4.There may be restrictions or limitations on the LLC's ability to purchase, sell, or finance property in Texas, such as compliance with state laws and regulations.5.Other considerations to be aware of include consulting with a legal or financial advisor, understanding tax implications, and staying current on any changes in laws or regulations that may affect the LLC and its operations.

The IUL simply acts like a Roth IRA when we look at tax deferred growth and tax free income.

I've been talking with my accountant to try to figure out tax implications or deferring taxes through a 1031.

By selling all units to us, he didnt need to do that, and because he's financing he will earn money over 5 years like he hoped.

Hi Ian, Because 1031 exchanges are a method of tax deferral, not tax avoidance, you will need to go back and look at the original property's "basis" when estimating your capital gains tax.

If one is renting out a percent of their personal property, that same percent of the profits will be subject to capital gains tax at the time of sale.

Since then we've had nurses and doctors and such book directly through Airbnb or start the request through Airbnb and then we went offline and signed a lease without paying fees and taxes and such to Airbnb.Does anyone have any experience with other sites?