How do you determine the property should have an NOI of $400K without raising the rents?

Unfortunately, those that do not allow a ppp will often raise the rate or charge origination to offset their risk of having no PPP on the loan product.If anyone is interested in the Ohio statutes, you can read the summary with links to specific statutes here:https://com.ohio.gov/divisions-and-programs/financial-instit...Interestingly enough, the PPP statues only apply to 1 or 2 unit residential homes with a few other "ands" in order to meet the criteria. 

Hey Justin, You sound like a prime candidate to take advantage of section 121121 qualifiers Must live in the home in the past 2 of the 5 years 24 months non consecutive required Must have owned the home for at least 2 years Only one spouse needs to meet the ownership testBoth spouses need to meet the use test Neither spouse has excluded a gain / used section 121 in the past two years Must file jointly for the 500k exclusion

Most real estate investors who raise LLC questions on BP forums cannot articulate the risks they are protecting against or how an LLC will provide the appropriate levels of protection.

Our capital raise is not over, the target for this fund is $250M.  

This works because, for short-term rentals, the IRS rules allow income to be treated as non-passive if certain conditions are met, such as offering substantial services and meeting material participation tests.

Where I was raised in Cupertino  same thing.. values compared to San Jose can be double or more.. 

Maybe Vrbo is doing more a/b testing.

If it was me, I'd keep both and look for any opportunity to both raise the rent on the townhouse and refi the sfh asap.

The all caps, exclamation points, and partial posting of the lawsuit only make raise more questions than they answer.