So, know what your options are, before declaring it a rental.

So that's why flipping out of an LLC is a lot of tax, can be up to 40% depending what income tax bracket you are in.To avoid the 15% self-employment tax, you can file an S-Corp declaration with the IRS. 

Again in that situation the NNN investor is not typically the controlling declarant (majority owner) of the association so you lose some control over your asset.There are no 100% answers just varying answers depending on the individual investors risk tolerance and desire for control.

So many just woke up and declared themselves a STR operators because it was sexy, cool and felt like get rich quick.

@John Clark true equity would suggest that lenders take a portion of profit based on their relative risk and not have it declared upfront.

In Declaration: #172 These transfers to  offshore bank accounts total nearly five million dollars.

You should not be declaring that portion of the income at all.

this comes from amy vaughn, owner of a company stealing from others and about to declare chapter 11 bankruptcy due to inability to manage a company..

Lodging Tax Obligations (Impuesto Sobre Hospedaje)Airbnb and VRBO automatically collect lodging tax in many states — but not allThis tax ranges from 3% to 5%, depending on the stateIn some areas, you must register as a lodging provider and declare income monthly with SAT📜 3.

Now, people watch a tik tok and declare themselves investors or STR operators over night.