Im not here to be the next best real estate poster, I’m here to make sure everyone knows who Ash Patel is and how he operates.  

Please work with an experienced lender to help you understand the right loan products.There is an operational cost to raising rents that does not seem factored into your process. 

Nevada State Bank allows Child LLC accounts - I have had mine open & operating for about 6 months ow.

Seems that we're operating in a gray area.Hope this is helpful!

At that point, an appraiser would check to see if it operating as designed.

I’m a CPA, local Real Estate Agent, and own/operate a property management company here. 

We specialize in owning and operating (we are vertically integrated and manage our own properties) multifamily in markets that have good job growth and good population grown but are underserved and fly below the radar.After underwriting many deals in the North Carolina markets for almost 18 months we found an off-market deal that met our stringent underwriting criteria.

However they had to have the laws changed in order to operate, which only happened because of a specific set of circumstances involving a huge flood and the owner being friendly with the mayor.

If your STR no longer qualifies as an STR and is now operated as an MTR/LTR - I'd say no problem.

Active investing - CREATE wealth through forced value increases, financial engineering, better operational efficiency.