So politicians 1) pander to the masses 2) can state that rent control reduces homeless.  

By proactively planning how your investments are taxed, you can significantly reduce your overall tax burden and position yourself for greater financial flexibility.Equally important is establishing a strong asset protection plan.

So, your plan to wait until the fall just got accelerated as your anticipated revenue now has been dramatically and unexpectedly reduced. 

Are there best practices or disclaimers I can implement to reduce my legal exposure here?

., meet the 100-hour rule and no one else spends more time than you), you may qualify for the STR loophole, which means:Losses from the property, including depreciation, can offset your W-2 or active income, not just passive.You may be eligible to accelerate depreciation with a cost segregation study and take bonus depreciation—which is a major tax shield in the year the property is placed in service.Additional Tips:Use a separate business bank account under the LLC.Track all property-related expenses carefully—these can include mortgage interest, utilities, supplies, property taxes, and repairs.Make sure to classify the STR activity correctly on your tax return (typically on Schedule C if you're materially participating).Consider filing an election to be treated as an S-Corp for your LLC if your Airbnb becomes highly profitable—it could reduce self-employment taxes on your earnings.This post does not create a CPA-Client relationship.

There's a lot of ways to reduce your out of pocket cash with real estate but make sure you have a good job and good reserves.

Will probably want half his rent reduced. 

If you’re trying to reduce stress and clean up your balance sheet, this works.

The ability to use leverage and reduce taxes in your highest earning years without having to put money into qualified retirement accounts is a great way to build wealth.So - If you own an STR:1.

One other thing to note about the REO online auction is that most of the time they have a reserve and will keep running the auction and slowly over time reduce the reserve if it does not sell.