@Aaron Brown - we should connect man (I'm over in Winter Park/Maitland area), I've been investing in Indy since the spring.HIGHLY recommend David Moudy - https://www.biggerpockets.com/co/moudy-and-co-property-managementHe manages a duplex for us and I will use him for anything we acquire in the future.

Quote from @Basit Siddiqi: One question you should ask your CPA or a question I would ask is if the interest on the HELOC being deductible if used towards the purchase of rental real estate.I haven’t found the right CPA yet willing to work with me, I got lots of questions that my HELOC was deff a big question I wanted to incorporate!  

Looked at their incorporation paperwork. 

I always thought if a Realtor could do a package deal - sell the SD house, work with an OOS Realtor to buy the house in the new state, incorporate the misc factors like moving and relocation data, you could make a killing....

My personal advice is to stay as far away from this man as humanly possible.

That would be awesome man, thank you! 

Because I launched it as a Regulation A+ offering and to do so needed to incorporate it as a new entity. 

The hard point with an adaptive reuse is when you need to incorporate the appropriate staff for the extended stay hotel angle you need the property setup (reservation desk, offices, etc...), additionally there is a marketing aspect to target the people who would be utilizing the short term stay yet longer than you would with a traditional extended stay hotel. 

Observation: if you have a corp, your State of incorporation will likely charge an annual minimum fee.  

@Nicholas L. wrong my good man.