IMPORTANT:--Guest communications, including setting up your automated messages--Price adjustments (key into seasonal pricing and important events in your area)--Listing description and noting amenities--Guest reviews--Learning from experienced hosts with great reviews (you can do this on many social media sites, including the Facebook group, Short Term Rental, Long Term Wealth)UNIMPORTANT:--Watching your Ring Doorbell camera--Obsessing about minute details that other hosts are freaking out about--Being a control freak about ANYTHING related to this business. 

Specific Business License: If I create an LLC specifically for the property management side of things, can I obtain a specific business license for this?

I would greatly appreciate any tips, recommendations, or cautionary tales you can share based on your own experiences.Specifically, I'm interested in learning about different creative financing methods, potential pitfalls to watch out for, and any legal or financial considerations that I should be aware of before proceeding. 

I deal with a lot of these people because our houses are mostly new constructions and great for business like this. 

Specific Business License: If I create an LLC specifically for the property management side of things, can I obtain a specific business license for this?

This exemption is applicable if you've lived in the home for at least two of the five years immediately preceding the sale.For investment properties, a Section 1031 exchange, often called a "like-kind" exchange, allows the deferral of capital gains taxes if the proceeds from the sale are reinvested in a similar property.

You get started in the market and get a sense if you even like this business or not. 

Throughout my life (grade school, college, business), I've always been a big advocate of taking notes and organizing different sources of information into one place, making it all easier to digest.

My partner is a builder and recently he’s been charging for the repairs through his business.

I am now significantly more focused on my Wholesaling business, and less on my agent business.