That way you're not raising any unnecessary red flags with them.To avoid capital gains, if you decide to sell, you'll need to live in the home as primary for 2 of the last 5 years. 

Once the insurance carrier has agreed to all costs and terms, ABC will advise you when the lease can be signed.

In that case we insured both policies with the same insurance carrier so that, if there was a claim, there would not be two different companies arguing over who needed to pay the claim. 

Keeping this generic because BP mods keep flagging me for promoting…BLUF:Need guest speakers for a new REI Meet Up in Pensacola, Florida.Looking for:Wholesaler, flipper, hard-money lender, syndicator, etc. 

Samir,Have you asked your agent what your current carrier allows under its guidelines for renting it out and what endorsement(s) would be needed. 

Janice,I recommend reviewing this with your insurance agent to find out:- will the existing insurance carrier cover the ADU Rental or AirBnB rental- will the policy need to be endorsed or replaced to get the coverage- will the existing policy be able to add the LLC if you set it up- will you have to replace or add a second policy to get it properly covered

Hi all.I remember reading on here that's a red-flag , potentially?

If there are no rules it is a red flag as that means no one has tried to ban air bnb yet in that area and then the rules can change.

If I do this until such time as I can transfer the title into my LLC, will that raise a red flag with the IRS when I report LLC income as well as Schedule E income from rentals in my individual name?

If not this could be a potential red flag.