Hi ,when buying your investment property, do you put your LLC business code under real estate or property management?

Also want to point out that big losses, year after year, can have the IRS saying our business is just a hobby…businesses are meant to make money every so often.  

with such a high mortgage rate, it is very hard to find cash flowing investment even at 40percent down. everyone makes it sound so easy to find something with cashflow, but its not.There are cashflowing properties all over AL, GA, MO, OH, MD, PA - we're funding $30 mil a month and 50%-60% of our business is rental loans.

I have already taken many steps to set this up as a business but am looking to purchase my first property in the next 30 days or less.Glad to be here and look forward to meeting you all.

I want to use my business as the borrower to protect my debt to income ratio so DSCR seems to be the best route. 

Regarding how to structure my business - I do not have an LLC setup as an agent and just plan on purchasing properties under my investments LLC, then getting paid as myself for my commissions.

Some places require the platform to report days rented to the city, and I have heard of forbidding platforms from renting if X days exceeded, on penalty of losing permission to do business in the city.You also have to report your activity to the city, and may God have mercy on your soul if your report doesn’t match the rental platform’s report.

Consider partnering with local businesses or organizations that align with your brand image. 

If you want to streamline your business and have peace of mind that zero leads are slipping through the cracks, start using a CRM!

.- Tourism and Hospitality Businesses: Some local forum post mention that Cookeville has a strong tourism and hospitality industry, which could drive demand for furnished short-term rentals and extended stay hotelsI also checked to see what other listings are available and found about 4 comparable listings ranging from $1300-1500/month.