I was watching a segment on the travel market and they were saying that most folks planning travel for next year are looking for bucket list-type vacations.

This separation helps in maintaining clear financial records and simplifies tax reporting and financial management.Setting up an escrow account specifically for rental income within your LLC can offer several benefits:Financial Clarity: It separates rent payments from other operational expenses, making it easier to track income and expenses related to the rental property.Legal and Compliance: Helps in demonstrating that rental income is kept distinct from personal or other business funds, which can be important for legal and tax compliance purposes.Tenant Transparency: It provides transparency to tenants and other stakeholders regarding where rental payments are deposited and how they are managed.While it may not be a legal requirement in all cases, maintaining an escrow account specifically for rental income is a prudent practice that many experienced investors and landlords follow.

Distinctiveness and consistency are key.Once you've named your property and decided upon a brand personality, you'll want to focus on creating a website and marketing materials that deliver an experience -- just as your vacation home should do.

It has had tremendous increase in value, tremendous cash flow but I have taken both depreciation and cost segmentation depreciation.

Make sure when you do something for free, that the person you are doing it for has information you need, not just another guy like yourself who needs information.Take advantage of the introduction segment if there is one.

In that segment I am purchasing homes around $50k and renting for $1000.

Small towns may rely too much on a single business or market segment.

The reason I was considering it, was for the segments on in house financing.

I'm interested in developing passive income with a specific target market segment and locations.Currently hold 6 properties in different states that I will be selling in the next 60 days so that I can implement my strategy.Please contact me to expand your network if interested-Val Taylor

Definitely agree, I would add a level of distinction though. housing can rise, but the total COL for TX is still lower than CA.