Sometimes 5 in the case of 9% LIHTC deals but all the way up to 15 as I’ve seen in 4% deals.  9% is competitive meaning there’s only a certain amount of projects awarded each year by your states HCR.  4% is not competitive and is usually more appropriate for large projects because 9% will get allocated to projects of smaller size so as to spread the benefit.  

@Ryan Daniel  I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection in relation to real estate investments.

I would check your cash flow in relation to that $55k number to see if it's sufficient for you.

STR insurance provides broader coverage, including liability, property damage (even non-guest-related), and gaps Aircover might not cover.For damages caused by guests, document everything (photos, receipts, estimates) and file a claim through Airbnb.

Commercial lending for real estate expansion is a relatively small demographic thus it flies below their radar.

The market's robust economic and employment growth, significant population expansion, and the area's relative housing affordability make it one of the best real estate investment markets in the country.

LLC's separate your personal assets from your investments and offer you protection from lawsuits related to your property, they can help to establish a more professional image if you plan to expand, and they provide some flexibility on how you are taxed.There are some drawbacks, included fees and administrative work, but it's ultimately best to consider speaking with a CPA to determine the best option for you. 

I still watch them sometimes since every day, while eating lunch at work, I watch real estate-related videos on YouTube. 

They can help you with tax planning at the beginning of the year to help ensure you are taking advantage of as many tax benefits / incentives that you can.

There might be some added tax benefits for this if you add in depreciation to help push you to a lower tax bracket.