@Timothy Albright It may be splitting hairs, but you're not truly "investing" in the trailers...they are personal property with the equivalent of a car title...a depreciating liability...no improvement to the land.

Your PITI would be around 2600, based on 4% interest rate.If your rents are 3400 a month, the numbers work as follows:Income:  40,000PITI:        31,200Cashflow:  8,800Tax liabilityIncome:   40,000Interest:  17,472Prop Tax: 6,800Insurance: 1000 Depreciation:  14,500Tax Deductions:  39,772Net Tax Liability:  $228.00So, you can basically put $8,800 in  your pocket every year and pay no tax on it.  

Liability Declaration Page (date in the top right corner cannot be more than 90 days old)a.

Why increase their liability without even having a chance to run anything.

We did lose it, however, for a  few years when my kids were teenagers and too many cars were totaled (4 in 2 years), so had to up the liability on all policies separately during that time, but we couldn't get it from anyone else then, either.   

If they mow their foot off, there might be additional liability. 

They’re a liability shield not a tax shield.  

How much are you willing to share with the Broker to make it worth their while to take on your liability?

The caveat is that to be successful the transfer must be done before the liability arises, otherwise the whole thing is a fraudulent transfer and will be disregarded by the court.

Hello BP forum,My short term rental property management company has started acquiring customers and we're looking for legal and accounting advice regarding asset liability and STR taxation laws as they would apply to property managers as well as property owners.