I want to create an LLC/Trust structure to protect the property.

If anything that might restrict building but I don't see them running out of water for existing homes so wouldn't that mean home values going up because supply would be restricted.What kind of climate risk could occur there?

Common concerns in pre-1940s buildings include outdated plumbing, old electrical systems, and structural issues that could be costly to bring up to modern standards.

Working with a private lender also enabled me to structure favorable terms that aligned with my investment timeline and cash flow goals.

For the modifications, cities generally focus on safety and code compliance, but since you're considering structural changes like wall removal and garage conversions, obtaining permits is key.

I recommend getting a structural engineer to look at it, not a general contractor.

The IRS will require them to charge a “reasonable interest rate” if they supply seller financing.

The plus side is the airbnb supply has fallen and we have noticed a HUGE increase in our gross STR rents, roughly 20% higher then a year ago.

The easiest way to structure this is to purchase the property with a hard money lender that will cover both the purchase price and the rehab cost and refinance the loan with a conventional or DSCR loan 

How would you suggest structuring a seller financed deal?