Think about renting a car and you pay for the extra insurance.

If you're planning to continue growing your portfolio, having an LLC is never a bad idea for that extra layer of protection.Regarding your decision between a HELOC and a DSCR loan, it’s essential to weigh how both options fit into your long-term goals.

Are this funds taxable, do I have to declare them as extra income on my taxes.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

The extra month's deposit will cover most of that reducing the risk of nonpayment when they break that lease early. 

If you choose to accept it, make them apply and pass your screening, add them to the lease, and charge extra rent to make it worth your trouble.

Use 1031 funds to purchase the property with extra down payment. 

You keep the extra ticket cash. 

Currently, I am working on renting out my extra room in my 2 bed, bath condo.

Real estate investors are attracted to medium-term rentals to gain the benefits of extra cash flow versus long-term rentals while avoiding regulatory risks, high turnover, and intensive management of short-term rentals.While many investors are now turning to medium-term rentals to build their portfolios, the lending world has unfortunately been a little slow to keep up.