Getting real close to pulling the trigger on my first investment property. I'm narrowing up my plan and I think I'm going with a newer home or condo in a destination area. My plan is to turn it into an short term rental and outsourcing the management. My questions so far are based around tax advantages and CPA's.
Do you put your STR's in a LLC?
Are there CPA's the specialize in STR's?
Are the utilities, cable, internet, trash service, HOA fees all considered cost as far as taxes?
Does anyone know where I can learn more on this specific subject? I tried a few searches and didn't find what I was hunting.
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