My first two properties are still in my personal name and I actually need to switch that up finally, so thank for the reminder.Nonetheless, you can definitely still open up an LLC, I just try to avoid putting the cart before the horse.   

However, the value of your labor generally cannot be included in the cost basis for depreciation purposes.Accelerated Depreciation: A cost segregation study would identify components of your property that can be depreciated over shorter periods, such as personal property and land improvements.

You may know this already, but out-of-state investors are also sometimes surprised by Texas’ “high” property tax rate (but no personal income tax).  

Love hearing about the personal goals as well!

Its 2024, you don't need to download files to a USB drive lol.

Now the debate of where rates "should be" would be based on the quality of product each person/owner offers. 

Personally I would do a water change after every guest.To decide if the hot tab is a value add, look at your competition.

Hi Kathryn - I personally would have no problem sharing insights if another host or soon-to-be host reached out to me.

Also file the contract with the register of deeds in the county.

@Dave Kush  I personally invest in higher end stuff on the Northside of the city so there is less distressed to choose from, but the payoffs are bigger when they hit.