Constantly juggling guest messages, cleaning schedules, and last-minute bookings can turn the dream of passive income into a daily grind.But with the right automation tools, STR management can be not only hands-off but also more profitable.

Wholesalers typically do not carry Errors and Omissions (E/O) insurance, so even if the court rules in your favor, they might not have the financial means to compensate you.Furthermore, ensure that a reputable title company handles the transaction, as some companies may cut corners.

Be sure you have registered ALL your Corporations and LLCs by December 31, 2024
Failure to file is a $500/day/entity fine!
Beneficial Ownership Information (BOI) Reporting:| FinCEN.gov Do this right NOW!

My wife is a agent(mostly for our personal transactions)  can anyone offer some advice on who I talk to when I’m ready to start the 1031 exchange?  

Hey all, Anyone ever work on ground up data warehouse construction/real estate transactions?

Do the tax advantages outweigh the SDIRA related fees (ie setup, custodian, transaction, asset specific, administrative)?

You want to properly classify transactions such as Contributions/distributions if they are between the entity and the owner itself.If the entities are not direct owners, you have have a Due to / Due From to properly keep track of money owed between the entities.Best of luck!

However, you cannot use IRA funds directly in the transaction you are describing. 

Changes some of my answer below, but here would be most of the types of transactions you would have in these accounts and between them.Property transactions would be: all property specific rents and expenses, allocated expense transfer to the master LLC and transfers to master LLC bank account for profit AND/OR property management fee.Master LLC transactions would be: Shared expenses going out, reimbursements/transfers from properties for their allocated share of those expenses coming in, the transfers from your properties deemed as profit AND/OR property management fee and then transfers to your personal accounts deemed as owner distributions.Other transfers that could occur is if the master LLC needs to transfer to the properties for capital expenditures above and beyond the reserves you might leave in their accounts.

If the EMD is higher than you typically use, you could always use a transactional funder like myself.