First and foremost, creating a legally sound structure, such as an LLC, and developing a comprehensive operating agreement is crucial to defining ownership rights, responsibilities, and exit strategies.

@Bob Willis I took your original post as the LLC being the LLC that was created specifically and only for the SDIRA.

*This post does not create a CPA-client relationship.

If you are working with a loan officer they can calculate, review, and help create a plan to get you to the finish line.

Between evictions, creating my LLC, etc I have five lawyers.

I recently created a Single Member LLC, mainly because I don't have trusted partner(s), so I didn't have a choice.Is it true that SM LLCs do not have to report federal taxes and all profit/loss activities should be reflected on my personal federal tax return? 

To assist you on your trip, consider the following steps:Educate Yourself: Learn more about East Coast real estate markets, home hacking, and real estate investment by utilising online classes, podcasts, and books.Local networking can be facilitated by joining online forums, meetings, or networking events for real estate investors.

It seems like you are really passionate and enjoyed the project of the STR and have a support system in place with your husband (which is huge) and then contractors and vendors who assisted within that success.

Can create more value out of them. 

I want to create this rental real estate business so that the day-to-day operations can run on it's own soon.