Hello! I watched a training video with Ryan from 9/25/25 on LLC structures, and the complex example he described was a Wyoming holding company LLC with child LLCs for each rental (short term or otherwise) below it. The STR Law guys pushed this from the get-go for me. Is it common for short term rental owners intending to scale in the future to use this strategy from the start? As a California resident, I think this will involve an annoying $800 fee per property and for the holding company.

Hi all, I'm in contract for a property in Columbus and would like to set up a LLC because it will be a STR. Anyone have experience setting one up, or have recommendations for lawyers to help with this?

Drove from our home in Philly to DC and back today to take care of an issue at our arbitrage unit and my wife and I listened to almost all the Skool videos available. Great stuff! Thanks @Ryan Bakke, CPA We do have some questions on a few things but all in all a very valuable trip today!

My wife and I have just purchased our first STR and we’re looking to save money in taxes to help scale and continue adding to our portfolio. Biggest hurdle me is understanding all the various pieces we need to be paying attention to and documenting.

Another question about a 1031 reverse exchange…we’d like to use the sale of our LTR to pay back some of the HELOC we borrow for the down payment and closing costs. However, the sale of the LTR will be AFTER the closing of the new property, hence needing to use the HELOC because those funds are available now. Is this strategy of the 1031 reverse exchange allowed? Can we use the funds from the LTR sale to pay down the HELOC and still be compliant?