For your second property, it often comes down to showing strong cash flow and a solid credit profile.

Never pay for this type of service… takes 5 minutes to find a few 0% business cards … 5 more minutes to apply … the only way they can maximize your approval limit is to lie about income … income and credit profile determine credit card limit, not a third party you pay to “find” these offers  

You will need to continue to check on things to ensure everything stays mapped correctly.Are you the one translating the data into QBO or just downloading the reports and providing them to the accountant? 

It really depends on your guest profile and how you set expectations.

Based on his online profile he is an Investment Adviser & Private Fund Compliance Expert / Chief Compliance Officer

MHP have one of the largest variations in a tenant profile that is NOT reflected in cap rates like the traditional apartment market.

Gail,Feel free to connect check out my profile and end me an email be happy to Network and chat REI about the twin cities.

I am not new to BiggerPockets but I am starting a new profile because this one is all about me and not my brokerage.

.• If your STRs qualify under the STR material participation rules, you could use bonus depreciation to offset W-2 income—LLC ownership doesn’t take that away since income still flows through.Cross-state strategy:• You don’t necessarily need one LLC per property—many investors group properties (by state or risk profile).• You could form a Texas holding LLC and register it as “foreign” in CA if you want uniformity, but this means you’ll still pay CA’s $800 tax per year.• A common approach: keep CA rentals in your own name with strong insurance, put TX STRs in a TX LLC, and avoid mixing states in one entity.Tax angle:• Whether you hold rentals in an LLC or personally, depreciation, expenses, and Section 179/bonus depreciation still flow through to your return.• The entity affects liability more than taxes—unless you elect S-Corp treatment for active businesses (not usually recommended for rentals).This post does not create a CPA-Client relationship.

Message me and I'll give you our profiles