I would consider this a very loose agreement for an arm's length deal.

But because this was not an arms-length sale, the tenant could simply be notified of the change in ownership and where/who to send future rent payments.

So out completely. and have to restart everything- Over 100 employees have gone thru this company is less than 2 years - wow- Management Doesn't really want input / just do as I tell you- Very low pay for the crap that you have to put up with- Can't believe that they are allowed to continue there hiring / firing practices - You should hire to maintain for a length of time.

Building a compset and diving into the details about the competition, cleaning fees, length of stay, and really, seeing who is out ther doing STR versus MTR etc. 

When you say no only to my LLC then they will say how is that arms length transaction?

Length of stay?

Ask key questions like: "What's the average tenant stay length?"

I wouldn't pay points unless you are trying to "buydown" the interest rate, which doesn't always make sense, depending on your length of ownership and "breakeven" time.Properties held title in an LLC can offer protection from personal lawsuits, but we still require personal guarantees on our loans.Let me know how I can be of service.ThanksCraig

Although it also depends on your projected usage and average length of stay.

Though unfortunately for him, think you and I would agree he doesn't have the same options for exiting the property.I am still thankful that this journey is being documented as I haven't seen it discussed at length elsewhere for Morris Invest as the other thread never got there and the details and daily/weekly updates are fun to track (especially since it's not my money).