I have an operate account for my cabin that I pay for as a backup.

Operator positions themselves as the owner of the Property Management company when they in fact, are not.

Has anyone been in a situation where they acquired a condo and operated it as an STR when the HOA did not make the exclusion in their CC&Rs, but then faced resistance from the HOA?

Yes, I do it virtually on zoom.

Having someone who has owned and operated a similar asset is worth its weight in gold. 

My expertise spans residential construction, and I recently started my own virtual residential construction consulting business to share my knowledge and help others succeed in the industry.I’ve successfully flipped multiple homes and am now looking to expand my investments in long-term rental properties.

@Kayla Givens Do you own the houses where you operate the SL homes?

We had to 'pierce the veil' and have an underlying partnership agreement, bank account in the partnership name rather than Land Trust name, but it did work out to open an operating account for each property.  

Yes, you can ultimately own a property with little/nothing out of pocket when you're done - but when you reposition with today's rates even moderately leveraged stabilized assets can be hard to find cashflow with debt service and a realistic operating expense load.

If I was going to buy something for my company to operate out of (70% of the property), I would then go for a 7A SBA loan.