The concern with the DSCR loan is that I need to make the property present as though it's rented to individuals during appraisal (tough since it's a working rehab facility now) and must create another lease that shows the tenant as personal and not a company.

If you prefer to maintain privacy and don’t want your tenants to know you are the property owner, I often recommend a two-entity strategy.

Not a huge con, but nobody prefers to live on a busy road when everything else is equal.

Is anyone in Georgia (Preferably near Down/Mid Town Atlanta or Cobb County area) avaliable to meet up and talk?

My wife is a realtor and my sons are MLO's and we started a lending company last year :)We do STR's mostly personally with our own properties and self manage all of them.

Hi Jon from Boyertown, PA-You and your fiancé are interested in buying your first short-term rental and wonder profitable areas to purchase with a budget up to $500,000.I would look at places along the west coast of Michigan, Grand Rapids, Kalamazoo, and near Ann Arbor, MI.It is important to understand the local STR regulations in each community and partner with a property management company that can help your navigate that and manage it well for an excellent guest experience.Don't forget to look into bonus depreciation and doing a cost segregation study to increase the tax benefits of ownership and if you "materially participate" in the management of the property per IRS guidelines it can offset active W-2 income which most real estate cannot.To Your Success!

As a rule, I could argue to have the IRA (Roth preferred) NOT hold property, but control is with options, leases, etc, so the profits come into the IRA.

If you are familiar with the area, which areas do you prefer and which areas should be avoided?

The answer is I have no idea about other companies. 

The property needs to be one we are proud to own and preferably would be willing to rent out ourselves.