This is a great place to learn and to connect with people so take advantage of all the great resources.

(Sound like good reasons not to pump in to shower.) but that many/most people do it, especially if it drains in to a septic system. 

The people that get killed in every down cycle are those that were banking on the future and did not have enough cash to get through the bad times.

They've also used no rev management whatsoever, just a fixed nightly rate.  

Our thought here is that we will cash flow enough to cover property taxes, insurance, and management fees and possibly net $500-$1000 per month in profit.

I manage the rest on my own.

So we can take the original LLC that is 50/50 owned by 2 people and move half of the properties over to a new LLC where one partner now owns 100% and then the other partner would have the other half of the properties and have 100% ownership of that one and we pay no taxes?

.😀 This can be a fantastic opportunity for those looking to invest in real estate while managing their living expenses.

My fiancé and I manage 60+ properties in the Indianapolis area, which are primarily STRs.

First of all, my town and the ones surrounding are pretty small and don't have much for events for these types of people often enough to make a huge difference.