Typically, we set up entities in the state in which the property resides.

So, setting aside the cash flow he enjoyed for the last 40 years, he has a profit of $305,000.  

Appeal Property Tax AssessmentsProperty taxes are a significant expense for real estate investors, but they aren’t set in stone.

Each deal comes with a different set of surprises even for the most experienced operators.Take your time and don't rush it. 

I’ve been struggling with no bookings for two months and low view rate, and to top it off, the city just set stricter rules for short-term rentals.

So the places we all encounter that don't even have a wheelchair ramp at the entrance (at the appropriate incline, etc), even though it would be relatively easy to put in, aren't compliant (envision a storefront set back 10 feet from the sidewalk).

Those landlords that choose to artificially subsidize communities via suppressed lot rents do not generate sufficient reserves to set aside for inevitable capital improvements to the community’s infrastructure and aesthetics.

I.e. a security attorney drafting full set of Subscription docs will on average be $7500+.  

They don't understand how to price effectively, study the market, set boundaries with tenants, establish policies and procedures, communicate, and dozens of other things.

I think if you set up your platform listings appropriately you will do well.You could also contact local wedding and event coordinators and make them aware of your listing.