While a more distinct connection between the IRA and its own EIN may be preferable, it is not always possible, or may not exist in time for required reporting.  

There is no penalty or fine for making an offer that makes sense to YOU, and 1 in 100 times you get a pleasant surprise. 

A nice place to live for 7 years with subsidized living expenses, a pleasant spike in equity thanks to the 2020 market rally which has materialized into a nice HELOC, and now a solid cash-flowing duplex in a desirable location.

I am looking at a number of different markets to make this model work and I was wondering if I could get some insight from anyone who has some knowledge or experience doing STR in these areas.The areas I am looking at are:Davenport, FL, Tampa, FL, Memphis, TN, Chattanooga, TN, Gaitlinburg area, TN,due to the affordable prices and year round visitorsIndianapolis, IN, Kansas City, MO, Detroit, MI for the very affordable prices but I am unsure how these markets would perform year round.I am also looking at college towns Columbus, OH, Ann Arbor, MI, Waco, TX to take advantage of year round attraction of the universities in these markets.I have spent hours looking at different reports and opinions on these markets from Airdna and other experts but I would love to hear from people who are actually investing in these areas and have an intimate knowledge of what is going on from the perspective of an investor.I live in CA and will be buying out of state.

@NIcholas HamelIf you take out a HELOC for 40k and pay that 40k toward your loan amount, you fast forward in time to whatever period gets you to a 40k PRINCIPLE reduction.

I expect that in ~16 months time we will experience the next cycle in this, with the spigot opening, invigorating the economy just in time for election polling.

Tenants routinely acquire a pro bono attorney to accompany them to L/T court, and these lawyers are intimately familiar with the laws and commonly get evictions thrown out due to tiny procedural issues to buy their tenants more time in free housing. 

because of cap-x, that alone will 100% eat cash-flow at some point in time.

I'm working on getting things back to what they were but wanting to diversify into other markets in time.

If I could go back in time to when I was young and fearful, clueless, following that flawed advice of do nothing unless it's this perfect cash-cow, I'd say "F-that just get one NOW, time will make it a cash-cow, GET GOING".