It works like this:(1) Save up enough money for a down payment(2) Buy a single family home that you will Airbnb/VRBO(3) Ensure the “average period of customer use” is <=7 days(4) Materially participate (5) Cost segregate the property, resulting in large depreciation deductions(6) Use the losses from step 5 to offset your W2 incomeWhat makes this possible is that operating an STR is considered “non-passive.”

To protect the floor or more importantly the lower level ceiling in the case of a leak/overflow form the washer. 99% of them never do anything their entire life. i would have balked at a $500 estimate for that job.Ps.

As long as you have some residential areas where RVs and Boats are a pain to park or not allowed at all you will have customers. 

This structure helps ensure that if one property faces a lawsuit, the other properties and their income streams are protected.

Question: does anyone have any suggestions on how to protect myself if this happens?

While designed to protect tenants, rent control has adverse effects on the broader rental market.

You are dealing with sensitive information not just for you but for others.Is there a secure portal to keep not only your information protected but also that of others.3.

Hello, I was wondering if there are any scripts available to craft offers for BRRRR/Fix-n-Flip projects that allow use to back out if the project will cost more/inspection is worse than anticipated, while protecting earnest money.  

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Of course we filed a response to their request but if we did not have an attorney it could have been approvedYou won’t be able to foreclose while they are in ch 11 so definitely get an attorney to protect your interests