Most commercial lenders do not require any seasoning for that entity which means that you can create an LLC and use that entity to purchase the property immediately as long as you have the proper documents.

That may increase your cost or limit the coverage you can get.The Year that the following were updated (either partially or fully) would be good to know:- Heating systems- Roof- Plumbing- electricalSome companies will not write properties with systems that have not been updated.As long as you are living there, the proper policy for a 1-4 family is a "Homeowners" policy.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

If I accept the suggested pricing opportunities it could drop my rates by $100 / night in some cases. 

How would you recommend, or what resources would you refer for us to properly figure out how we spend our time and appropriately get compensated for it?

Most nearby cities are the same.Even in the Denver-adjacent cities that do allow non-owner occupied STRs, they vary widely -- some have caps on STRs, some cap the nights rentable as an STR, some cap the number of vacation rentals one owner can have, etc. etc.This is all to say, first know where you can do Airbnb, then start running numbers.

If the proper reports and documentation are not completed, you run the risk of failing an IRS audit and the cost segregation not being honored.

The "due on sale" clause (DoSC) obligates the seller to notify the lender if the property is sold.Failing to do so would place the seller in violation of this agreement, giving the lender the right to accelerate the loan.But no laws are being broken here.So, subto is neither legal nor illegal.Second, it only works because most lenders are more interested in receiving payments than in invoking the DoSC clause and foreclosing on the property.But, it can work, provided seller and buyer are both on board and the proper process is followed.

Foremost, Proper are 2 big ones.Don't skimp and get the place insured properly.

RE is really a small business and the number 1 reason that small business's fail is lack of proper capitalization..