We are considering picking up our 3rd STR via a LO as a way to get a property quickly vs. waiting to accumuluate the 20% down payment required to finance.My questions is, since I would not be the owner on the deed, would I have issues with obtaining a business license to operate a STR and pay the hotel/motel and sales taxes or would I need to involve the owner of the property?

Hello, newbie here but am interested in contract assigning to make some extra cash. I know the basics of contract assignment and read about Joe Mccall's course on assigning Lease/Option contracts and watched his YT vi...

Hello, newbie here but am interested in contract assigning to make some extra cash. I know the basics of contract assignment and read about Joe Mccall's course on assigning Lease/Option contracts and watched his YT vi...

Hello, I am looking to do a tenant-LO (3yr with 20% FMV NROC) with home.

Why are you combining L/O and Subject to together? 

@Paul Sandhu LOL @Rita Lo sorry I don’t know anything about DFW but if you do buy and decide to self manage I’d be happy to teach you.

FYI: Now that the LO comp rule is in effect it's illegal for a lender to get paid more or less depending on your specific interest rate, so there's no reason not to get you the best rate out there among alt-doc loan programs, if that makes sense, meaning you're not exposing yourself to predatory behavior by being upfront about not being rate sensitive, like you would have been had you said that in 2006.

If I were to L/O my house or rent to own for say 3 years, I believe doing a bond for title will allow me to maintain the owner occupied tax amount.

That's normally a same-day conversation with you and the LO.

Your local REIA might be a good resource to find that LO.