Seeing as how I'm not sure if you are communicating this properly, but one could be crossing ethical / legal boundaries --- maybe.Personally, the rental activity for that sort of property and tenant would not be worth the time.Thanks for letting us know. 

Proper structuring with professional guidance is key to achieving both parties' goals.This post does not create a CPA-Client relationship.

Give them proper notice and get them out2. 

—and work with an accountant to make sure everything is properly documented.As long as your primary goal is to sell the property after renovating, your profits won’t be taxed like long-term rental income.

I’ll try to answer some of your questionsonce a note has matured the note holder has the legal right to call the note due - with proper notification to the debtor.  

Construction i completely understand it runs in my family. money is not a issue for me is getting the proper knowledge in this field so I do not fail.

You want to properly classify transactions such as Contributions/distributions if they are between the entity and the owner itself.If the entities are not direct owners, you have have a Due to / Due From to properly keep track of money owed between the entities.Best of luck!

I went to a public hearing on a red card that the town fabricated because a structural inspector decided to do an electrical inspection early.

Failing to follow proper procedures will cause even more delays.  

There’s a lot of opportunity locally, but one of the 3 keys to success in STR investing is having enough cash to do them properly.