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Updated over 1 year ago,
First Rental Property - Sublease Tenants
Hi BP Family!
I just recently posted my very first rental property up for rent using Zillow Rental Manager. Within 24 hours I was messaged by three corporate leasing companies offering to pay full price as long as I allow them to sublease.
Being that this is my first property, I purchased as a primary home using 20% conventional while I live with my parents. Is renting to a LLC before the 1 year mark of a primary residence legally acceptable? I do not intend on claiming homestead on my taxes. Thanks in advance!