If you plan to invest in multiple states or require advanced asset protection, consult a CPA or attorney to explore options like a holding company structure.

Yes, I've reached out to our attorney and my stated plan is best option. 

I currently live in it as my primary residence but had plans to eventually rent it out and then cash out refi once I reach 20% equity in the property.

If you plan to sell soon, depreciation recapture could reduce upfront benefits.

I typically do pre-planning with clients coming on board to discuss their specific situation and formulate a plan.The best assets are receiving multiple offers these days and go quick.

, clear laminated instructions inside the unit, etc.Also very important to consider scale--if you are planning to have several STR's in the same area, then it's wise for you to invest time now to build your team there and manage the place without a co-host.

A great resource to check out is The Frugalwoods—they share practical strategies for cutting food expenses without sacrificing quality.

Hopefully, not an expensive tenant or Fair Housing lawsuit.100% of what @Travis Biziorek states is true, but he left out a key fact - he lived in the Detroit area when he started investing here, so was able to self-manage and meet everyone he had to hire face-to-face.

How do you plan on finding your deals?

If I were in their shoes, I would prefer you pay me directly for control the money used for care and other expenses.