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All Forum Posts by: Kevin Melanson

Kevin Melanson has started 2 posts and replied 2 times.

Austin STR Type 1 license for owner occupied with attached ADU; the ADU is not allowed to be owned by a company.

How do Austin hosts legally get a STR license for attached ADU and pay their taxes? Do they not have any company? Am I missing something simple?

What is the proper legal way to get Austin STR license for an owner occupied property with attached ADU and the ADU is in a business name?

I plan to buy a single family home in Austin and, per the city's STR rules, it has to be either an owner-occupied or commercial residence. If the current plan is to open an LLC to apply for a commercial mortgage loan, how is this possible with a newly created company?*
*the belief is that I will have to co-sign (which keeps me personally liable; maybe able to refi after 1 year of that?)

Will you please help with your thoughts on this topic?