But since you’re a California resident — and, as you mentioned before, already had to register your Ohio LLC as a foreign entity in CA because it was managed from there — the same logic would likely apply.

So i was thinking why not pay one off first before buying the next rental.Primary residence: 6% APR, zero down VA Loan, hardly any equity, highest debt and mortgage.STR: 5% APR, zero down VA Loan so still not much equity, cash flowing as an Airbnb, second highest loan and mortgage.LTR: 2.9 % APR as a conventional loan, cash flowing, $120,000 of equity locked up, by far lowest balance loan. 

Your CPA is likely concerned about the Personal Use Limitation, which is the biggest threat to the STR tax strategy.If you used the property for personal purposes for the greater of 14 days or 10% of the total days rented during the year, the IRS classifies it as a "residence."

Quote from @Jean Pierre Jabo: my wife and i bought a unit last year in 2024. home is a 4 bd 2 bth, comes with a detached ADU unit thats 1 bed one bath with separate backyard that we currently rent for $1545 longterm. our interest rate is high, 7.1%. our mortage is about 3600 but adding PMI and other costs its total of $4k/month. we both make a combined income of $220k. should we try to move to another primary residence home about $480k and rent out our current main home for about 2300-2400 (fair market pricing for the area). or should we stay in our home and refinance and live there for a year and then move later? 

Quote from @Adam McLean: Hi there,Finally turning my 1930 east austin bungalow and primary residence into my first rental property.Any recommendations on how to set up bank accounts to deal with rent and security deposit?

My ex-spouse is exercising her right to list our home (my daughter and I live here) for sale per our settlement agreement. I would like to continue living here with my daughter but was unable to refinance through trad...

Our primary residence is currently inhabitable due to hail damage.

Investment Info:Single-family residence buy & hold investment.

Since this is our primary residence, how does a DST interact with the $500K capital gains exclusion?

My wife and I currently Iive in our that has a detached ADU we rent for about $1500. We are thinking of moving out of the main house and renting it for $2300. We’re almost breaking even to cover our mortgage. Our mort...