Purchasing the LLC gives you ownership of the property, but it also opens you up to additional legal exposure since the entity has been active, and there is no way to really know for sure what else they used the LLC for.

I know hosts have included additional cleaning fees for violations as a deterrent.If none of these solutions work, you could look into completely independent HVAC systems for the two units, though that would be a bigger upfront investment.

Both properties have a substantial amount of equity that’s essentially sitting idle.Would it be a good idea to tap into this equity (through a HELOC, cash-out refinance, etc.) to fund future fix-and-flip projects or purchase additional rental properties?

@Kaylee WalterbachI would like to learn more about this Momentum 2025 Summit, where can I find additional information?

In addition, I've helped many other investors finance their deals as a mortgage broker.I'm happy to share my experience as both an investor and lender.

When it comes to housing, the FHA rules apply in addition to those of your state/city.

If things work out, we'd like to have at least 1 additional property before the end of the year and have 8 in 8 years.

After that's under control, focus on increasing income through additional work at your current job, taking on a side hustle, or finding ways to increase income on your existing rental.At the same time, educate yourself.

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party. 

Outdoor storage, moving services, additional parking.