Any advice you can provide would be greatly appreciated1) In the Short-Term Rental Ordinance (Baileys harbor), I found the following:“If the rental of a Residential Dwelling is less than seven (7) consecutive days, the first dayof a subsequent rental of less than seven (7) consecutive days may not begin until the sixth(6th) day after the first (1st) day of the immediately preceding rental.”Question --> Does this mean that we cannot host another guest within the same week if the first guest's stay was less than seven days?

If you are networking to get more clients I would love to connect!

Hey congrats this is just like the DA who becomes a defense lawyer or an IRS agent who switch's sides and represents those being audited  etc etc..

He came to me to see if   I would be open to co-owning the property.

Planning to treat the LLC as a partnership where I will sit as a GP and create another Blocker LLC Corp that will be treated as an LP.

Seems like your tenant was trying to avoid the $147 fee, otherwise, why would the trailer be parked away from the house.

Anywhere off the Beltline is going to be inflated.

McElhannon To figure out what your net gain is you want to find out what your adjust cost basis, minus what your net sale would be.

In general, yes you would need to amend each year that the depreciated items are being depreciated on. 

if the property breaks even, you should be OK since in theory there won't be any major capex for several years.