I specialize in investments in Scranton, PA and am more than happy to help in any way. 

Since I make well more then my daughter, the plan was for me to claim the house for any tax breaks.Question is, will we need a more specialized tax professional then the HR Block person I've been using for 20 years.

Did you have to incorporate a special tenant screening process?

I'm looking for recommendations on:- Experienced attorneys or firms that specialize in forming LLCs and trusts in Wyoming and Illinois.- Insights on the best practices for structuring these entities for optimal asset protection and tax efficiency.- Any potential pitfalls to watch out for during this process.If anyone has navigated a similar setup or has referrals to professionals who can help, I would be extremely grateful for your input!

A foreclosure takes 7 years to go away too.I have a contact that specializes in mid term rentals so feel free to connect offline if you need that expertise. short term rentals option may work too.good luck and wish you all the best on getting a decent outcome for such a difficult situation. 

You may also consider contacting a real estate agent who specializes in STR properties and who has STR investments themselves in the area.

@Edgar Perez, @Chad Nagel, @Anastasia Jordan the insurance for these types of properties is specialized. 

.- Special Discounts: We offer last-minute deals and early booking discounts to fill any empty nights while maintaining profitability.- Using Pricing Tools: We check our pricing tool, PriceLabs, to set the best rates for the day.2.

Each loan type will also have a number of fees that you will need topay to secure the funding (eg. you will be paying the broker for commercial,whereas the lender pays the broker in residential financing).My best recommendation is to talk with alocal commercial mortgage broker specializing inmultifamily lending.

I'm a real estate broker and specialized in Multi family for the last 15 years.