The good news is, if it's your primary residence and you've lived there for at least 2 of the last 5 years, you might be exempt from this tax up to a certain limit.

Be well -  Cheers mate,Keep setting the standard for the rest of us 🙏

Are you cash, do you have crews set up, do you know how to determine the reno and arv? 

I set up a REI company and set aside some cash, but would not be able to do an all cash deal to start.My concerns are two part:1.

On chairs, you’ll need to look at weight limits, because I’ve seen a lot with a low 225 lb limit.  

It's awesome that you're taking charge of your financial literacy and setting an example for your sons.

Let's not forget the liability piece that STR insurance provides in MUCH higher liability limits for incidents ON your property but also incidents off your property while your guests are staying there (like using a bike).

We are looking for a firm that is familiar with multi state partnerships that can give us legal advice or set up our business correctly from the start.

That includes the mortgage, the insurance, if there is any electricity the landlord is responsible for, if the landlord is responsible for any of the water and sewer, not all of those bills might be every month, some might be quarterly or twice a year like the insurance, and a small percentage set aside each month for vacancies, maintenance, and eventual capital repairs.

There is no statute of limitations on the amount of times you (and every neighbor) can report violations to the code enforcement officer ad nauseam.