A few of them opened up again, so a few months later I repeated the process but put a little wood glue in the cracks first.

You can pull out equity every 4-6 years and keep repeating with cash outs.

Be careful of financial items or “investor hours” and travel.Think this way: “If I did not do this (Insert Task) would be STR be negatively affected”?

Our first investment property was affected by theDecember 2023 tornado outside of the Nashville area.

If I were looking at a restaurant, I would be looking for the most generic building concept as possible, to minimize buildout cost.Again, to repeat John, is one a superior location to the other?  

In these days and what my life has been I will not be able to repeat what they did and even survive. 

Rinse and repeat. 

Since it’s a single-member LLC, the IRS disregards it as a separate tax entity, which means there typically aren’t any capital gains or other tax consequences when moving the property to your personal name.However, keep in mind that if you have financed the property, transferring it may impact the loan terms, and expenses like interest and property taxes might not significantly affect your overall tax situation.

It also affects what our proceeds were for that year , so we likely have to file and amended return.Can there be an arguement of fraud in this type of situation 

The BRRRR strategy—Buy, Rehab, Rent, Refinance, Repeat—played a pivotal role in this growth.