If the unit is in an HOA, then HOA will likely strictly forbid running a business out of a home. 

Please keep in mind, this is not an exhaustive list of possible legal repercussions of your proposed business model, nor is it necessarily an accurate reflection of how strict your local enforcement agents are.

(Like, here in Denver, the Airbnb rules are pretty strict.

Good Evening BP fellow investors...I am looking to perhaps put in an offer this week. Do I need to have my LLC in place before or can I add the property (if offer is accepted) later after I purchase the property. Plea...

It’s always best to offer cash for keys instead of doing an eviction but have a set timeline and strict criteria so you don’t get taken advantage of.

The right answer depends on your goals and, from a strictly financial perspective, the route that results in the highest NPV for you.

I'm just afraid that it might overly clutter the ads/signs/letters if I need to adhere to the strict guidelines set by the Real Estate Commission around advertising.I will of course speak to my broker about this, but wanted to check what others have done. 

But if you want to set up some “tiny house vacation home” then it’s probably more “fun” than a strict “investment”.

@Paul DeSilva:@John Leavelle and @Anthony Gayden (above) are both correct.Unless you have more than 10 residential mortgages, or the properties are above the jumbo mortgage limits or you're trying to finance the the properties with the LLC intact, then they should qualify for conventional residential FNMA loans.For the LLC situation: my strategy is to close the loan under my personal name (no LLC), then after a few months of "seasoning" to establish on-time payment, notify the lender that I plan to drop the property into an LLC strictly for asset protection purposes.Many seasoned pros will tell you that you don't even have to notify the lender that you plan to do so, but will warn that doing so runs the ever-so-slight risk that they may actually call the entire loan due immediately.

(keep in mind the $116k is all net...so after you allot for all expenses and portion for cash reserves, etc...this is strictly profit)If you take a salary, then, breaking each property's profit up individually, would you take a percentage across the board or a flat dollar amount per strategy?