Hi, We own a couple of homes in the country and have first hand seen how difficult it is to manage the rentals remotely. 

Consider how involved you want to be in the management of the property.

Arman Singh is an amazing real estate agent and LPG Management provides exceptional remodeling services and property management.

Are we correct that if we were to create a business entity such as an LLC for real estate investment, and we were actively involved in the management of our investments, then we could offset our LLP's current year's income by using any net loss from our investment property that we acquire this same year? 

It could be Steadily who is great for affordable property management insurance.

We are currently using Lodgify PMS to manage our 5 STRs but one big missing feature is the ability to send a SMS to our cleaners on bookings, cancellations and day before checkouts.  

For those of you that have created a strong team (acquisition, contracting, finance, management, etc.) to streamline your investment portfolio--even from out of state--what has worked the best for you and/or what do you wish that you had done differently?

Highly recommend Simplified Management/Rentals.

LPG Management provides exceptional remodeling services.

I am under contract on a flip that is not in my area so I will be hiring a GC to manage the renovation on this project.