Now, lets talk about credit. 

In the meantime we are talking to the property manager to find other STR's in the area so we can support a fair market STR rent. 

Hey Jacklyn, I am going to shoot you a message real quick about connecting to talk some more about this

Last thought (mainly for future readers), you may be talking about the 1 year FHA history if you have variable income.

The members here on BP that talk about STR auto-run systems didn't install those systems and find dependable cleaners & handymen overnight.

There is a 2 family we are in talks with acquiring for 200k.

It depends. all you talked about was the property but financing is more about the borrower, their experience, their credit, the cash available etc.

That’s half the cost of Prime’s reduced rate.2nd, like everyone is saying, the cost of setting up and LLC is less than $100… closer to $50… if you just do it yourself through the state (not complicated).3rd, if you want someone to help you draft your operating agreement, hire a local real estate attorney and it will be significantly cheaper than $1660… probably cheaper than $550.4th, if you want someone to do your taxes and help you get your max deductions - talk to a CPA who specializes in real estate and they can review your operating agreement to see if you’re setting yourself up properly, and they can do your regular taxes… and be cheaper than Prime. 5th, a separate CPA can work with you regularly to review your investments and strategies to determine good tax strategies as you look to execute any deals. 6th - don’t lock yourself into a crazy subscription model before you start making money!!!

Buy Box is set, class neighborhood is set (C+/B-) and rules are set.It is working well and I don't have most of the drama the other hosts I talk to have.

And then shut up until they talk.