I'm looking into buying a property in Dublin for investment purposes and looking for some general guidance. I'll outline a few things first though which are bound to come up. 1. I view this as a long term investment (20+ year time frame) 2. I have read numerous posts on here about the hazards and hard work involved in becoming a landlord. I'm not totally naive in this respect (although I expect I have a awful lot to learn) 3. I will NOT be taking out a mortgage, so my personal financial exposure is very limited. I don't *have* to rent out the property. If it goes down in value or I never rent it out, I'm not going to be in financial difficulty. I'm basically just committing the vast majority of my savings and risking the return I could get for it in a deposit account or in the stock market. 4. My tax returns are already complex due to share dealing. 5. I'm well aware anything I buy this year may continue to fall in value. Once again, this is a long term investment so I'm willing to risk this in the hopes that 25 years from now our economy has finally recovered So I have a few general questions. 1. Long term rentals are well covered here and elsewhere. How are short-term rentals (like a few weeks at a time) handled from a tax and legal perspective. How are things like holiday home rentals handles where there is no contract, etc? I may want to rent the property out for short periods of time, but still have the option of letting visiting family use it. 2. Tax - Is there value in setting up a limited liability company when purchasing? Assuming I take no money out of the "business" can I get away with paying corporate tax on any profit made? Is this kind of thing commonly done by landlords? why/why not? I don't intend to use any of the money generated by rental income so if I could find a way to pay a lower tax rate on it and have it available for further investment, then great.