I think this strategy can still work if you have an ADU or maybe a separate living area with private entrance.I think a competitive price for travel nurses would range between $1600-2k per month.

I've seen clients live upstairs and rent out the basement on Airbnb, so you get the best of both worlds, privacy and your own space while the lucrativeness of Airbnb, so you can definitely live for free or close to it with this strategy. 3) Combo - you can easily do both strategies if you find a house with a walkout basement or separate entrance to the basement, and if you and your significant other are willing, you can Airbnb the basement and then rent out the rooms upstairs.

I still have them complete my full application separately, and for those who do the showing and like it after passing my initial screening, then I run a background/credit check of my own.

This exchange would function in the name of the Partnership and said partnership would acquire separate replacement property that would be allocated after purchase to each of the owners individually.

As a general rule, each entity that files a separate tax return (partnership, s-corp, c-corp, etc) will need its own QBO subscription.

I’m thinking of selling while prices are still high , and paying cash for a multifamily or 2 separate properties to get a better ROE than I have now, however .. if I’m patient rates will come down in a couple years , not to 3% , but perhaps that’s my better strategy , then I don’t have to sell and pay capital gains, I can rent this place out & buy another with a refi at 5-6% is my guess - thanks !

I have a custodian who will let me set the LLC up separate from them, so I either need a good lawyer or someone who has a rock solid template.  

Not looking to be a property manager or PM company just put in place a separate company that manages the LLCs that hold the real estate.

Try and separate emotion as best as you can from the situation.

I am not an attorney, so don't take this as legal advice, but I had a lender tell me that financing with a DSCR compliments holding a STR in an LLC for liability purposes.Financing an STR held in an LLC with a 2nd home mortgage that reports to your personal credit creates a hole in the corporate veil per se.On the other hand, financing an STR held in an LLC with a DSCR loan that is qualified only by the asset's income offers much more separation of personal and business liability.