LLCs are not corporations, unless they specifically elected to be one.Commissions and fees paid at closing to licensed realtors and mortgage brokersRepayments of loans1099s for electronic payments – yes or no?

You might also want to look into supplemental insurance for future stays, like Proper Insurance or Safely, to cover situations where Airbnb’s support falls short.I'd be happy to help more.

This sounds complex, and if the conclusion you're coming to is mortgage fraud, I would not recommend it. 

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Have you thought about buying a duplex or other MF property where the renters can help pay the mortgage?

and only take out a mortgage on one or two in order to accommodate the $700K mortgage now. 

Also, did you have any other loans (ie student loans, primary residence mortgage, etc) when you took on the $25k? 

If you’re just starting or want to minimize risk, house hacking is a killer move—grab a duplex, live in one unit, rent the other, and let it pay down your mortgage while you scale up.

I'm hoping to connect with some mortgage brokers in Puerto Rico who may be able to finance an investment property in Vieques. 

I purchased the home with a conventional mortgage and used the grant to help with downpayment and closing costs.