Hi everyone! I’m new to the STR world. Like most people here, we’re trying to reduce our taxable income from our W-2. We just went under contract on a Duplex in Florida. My question is, who should we have own this property….our LLC, one of us, both of us (me and my husband) or a trust? What provides the most protection and doesn’t create any tax issues?

Hi Ryan! Glad to be a new participant in the community. I'm fairly new to the rental world but want to learn more to capitalize on what I'm currently doing. Looking forward to future strategy to maximize what i want to do. Currently i have one STR and one LTR. I have the option of owning my current commercial building my companies office out of but not sure if that's the best route. Ultimately my goal is to build a nice retirement income through this space and leave a legacy of properties for my kids.