If you don't plan on paying cash and have to leverage with an owner-occupied loan product then you should set up your LLC as a property management company because you will not be able to borrow in the name of the LLC.  

Just what I see its very market specfic out this way.. used houses sell for as much if not more per sq ft than new builds.. for starter housing most of that has gone the townhouse route.. cheaper than free standing. and the big production builders can build those pretty efficiently.. mom and pops not so much..

My landlords manage with Azibo, and we do tenant screening with RentSpree, but there are a lot of similar products out there.

A good property manager can help with tenant screening, enforce lease terms, and handle evictions more efficiently if it comes to that.Require a Larger Security Deposit: Within the bounds of local regulations, a larger deposit can provide a cushion in case of damage or unpaid rent.Consider Rent Guarantee Insurance: Some companies offer insurance products that can cover lost rent in case of tenant default.

And watch out with scents—unscented products keep everyone happy.

So your $300k number might be what the flipper sold the final product for, less what they purchased it for.

This can slightly affect the LTV or interest rate because your loan is based on the income of property therefore we need to make sure that your property is debt servicing at our minimum required ratios.We are introducing new products in September.

Then you could use a DSCR product to cash out refinance into a 30-year mortgage.3.

Mid-term is more likely to work in any market than STR, but I think you would be surprised at how well an STR could do if there are no other options like that in the area (think people's parents or friends coming in for the week(end)).I've seen a lot of people grimacing at the net-negative house hack (it's just a product of rates and low inventory in a lot of markets) and this is one option to try to recoup some of that loss.

I am just saying that for a brand to add value to the product, it has to be amazing.