I have my LLC but have two rental properties under my name currently. 

@Brett Dudley It seems to me that the poster has asked two consecutive questions about how the tax rules are affected by the short term (7 days or less - ie his reference to airbnb) and long term (31 days or more).

I'll connect you two.

I think you either sell or go one of two routes.1) Plan to hold for at least 5 years. 

I want to find a really good property manager since I will be out of state.I would like to buy two properties in the same market to start.

Hello everyone, I was chatting with an agent two days ago and he was saying Detroit Michigan is seeing a lot of market activity lately.Does anyone buy properties in Detroit?

You put two different people in the exact same distressed situation and both will act completely differently.

Aside from that, I’m a husband, father of two girls and another one on the way at the moment of writing this.

If you are looking at properties to BRRRR, I would recommend starting out with a cheaper single family home that could use some mild renovation to add some value and make it livable.Below are two example quotes for some loans I have started recently with lower-valued properties: 1 rehab deal, 1 refinance into a 30-year fixed (post-rehab).

I’m currently renovating two properties, one a 5 unit and a second single unit in an 8 unit building. 5 and possibly all 6 of the units are rented, they’re just waiting to be finished so their new occupants can move in.