Be sure to talk with your guys the expectations for "clean up" as ours was still caked in layers of dirt, but the guys swept up the broken floor and pieces. 

Based on @Mya Toohey reply, I have a feeling going after a person's home in Florida is no piece of cake.

I work with a bunch of different lenders, so I try to give advice that has the broadest possible application, since we don't always know who the lender will be on the N+1 deal two years from now.So my suggestion to you, to have your cake and eat it too, for that SFR that you want to rent by the room to maximize rent: have one lease, one tenant.... and that one tenant is allowed to sublet.

It's like a buffet in Vegas where you can get sushi, eggs, steak, cake, noodles, pasta, you can't decide what it is.Where are you finding the land for this build?

Leveraging cash flowing properties is the way most of us are doing it and benefit from our tenants paying off our mortgages and will take appreciation over time as icing on the cake.

If you mean damage, poor cleanliness etc then AirBNB takes the cake for us.If you mean guests that need extra help, like maybe how to connect to the WiFi or how the little restaurant in town is then I guess that VRBO guests might be a bit more needy.

So my question is: Could anything change with the mortgage if the LLC is under new ownership (other than a bank potentially calling the loan due which is typically in any 30 year fixed) Then the icing on the cake: Obviously I'm attempting to pull this off right now lol.

vs. a high-impact coaching program that makes it a cake walk.I think this is an important call out and something worth reflecting on, before you (or anyone else) invests $x,xxx-$xx,xxx.

What's going on in the community would be the icing on the cake.

If you can roll all of that to Florida and eventually move there you can consider the state income tax savings icing on the cake.