Quote from @Jonathan Snider: I have been saving up for a while to purchase my first STR.

I have a duplex and single-family at East Stroudsburg that I purchased right before interest rates spiked so I am comfortably at a 3.125% interest rate on the two properties.

I have purchased many properties without a tenant in place.

As we all know, you are really paying for the commission in the purchase price. 

I am wondering for those who have an LLC for their rental properties if they are purchasing properties with the LLC or if they are purchasing under their name and then transferring to the LLC?

Eventually I went to investment property (local purchase) and vacation home (2 out of state purchases).

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

We purchased the house about 3 months ago and are owner financing it.

I had a friend purchase a Vacation home financed with RBC last year. 

Purchase the home with the condition that the tenants have vacated.