One way I'm thinking is if the note between me and my LLC shows quarterly or semi-annual payment, or some other payment terms, that would give me time to Refinance the loan without having to make any type of monthly payments to the LLC and just take care of the HELOC payments.Right about now you're probably really sorry you've been so helpful, BUT, you can tell I am very green behind the ears!!

BUT.... it's 2yrs later, that's 2 annual rent increases.

They should provide a monthly/annual statement showing all income/expense details.

Confirm that the Debt Service Company used, will provide you with easy access to:      - monthly/quarterly/annual statements of your pymt history    - ideally, easy user login web or app access     - 1098 or annual (interest payment) tax documentation mailed, emailed, or pdf download-able     - alerts, notifications, and pymt scheduling options for: pymt due, pymt applied/received, outstanding balance, etc.3.

Read all their annual reports and watch their earnings calls. 

PLEASE NOTE: I want to sell by mid-October and with current market volatility, considering renting for a year if necessary and listening as Rent/Sell.Upsides to RentingLuxury condo that presents well, in a growing neighborhood that should appreciate well.3.375% 30 year fixedWilling to hold long termDownsides to RentingNon homestead taxes will be 14K Annually!

.- Preferred Return: 8% annually to the investor.- Profit Sharing: After the preferred return, profits are split 70% to the investor and 30% to the sponsor.- Management Fees: 2% of gross rental income annually.- Acquisition Fee: 2% of the purchase price.- Disposition Fee: 1% of the sale price.Option 2: Debt Financing with Equity Upside- Target Properties: Single-family homes, multifamily properties, and land for development in prime locations.- Interest Rate: 6% interest only for a term of 5 to 10 years- Prepayment Penalty: 2% if the loan is paid within the first 3 years- Equity Upside: Investor receives 30% equity of the appreciationWhich option do you think is more attractive and why?

Tenants won’t maintain it and you’ll have an annual expense of a couple hundred bucks.

I would guess between $600-$1,000 annually would be a good estimate for a rental house based on what I have in my portfolio... so I would decrease the $187/month to about $80-$100 per month.

Also some extra logging and annual fee.Does this give me any extra benefits?