your owner occ loan should be done at todays rate what your bank quoted you was commercial terms and not even good ones..

I am just worried this might be a mistake as it as a high cash flowing property and my mortgage rate is a low 3.125%.

the GreatSchools rating is low for Elementary, Middle, and High School.Is anyone familiar with the new subdivision? 

Now, you're going to pay for that in much higher rates that you'll get in FHA or even Conventional loans, but if you're willing to bite the bullet on that to get started, then it's a great tool to use.

3.Draft a written agreement where the property owner retains full ownership of all guest funds (nightly rates, cleaning fees, and taxes), while the cohost invoices for management fees and reimbursable expenses?

Here are some top-rated floor plan apps that meet your criteria and might work better for your needs:1.

I’ve heard pay a slightly higher rate and take the loan out under your LLC.

Financing-  build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.  

Ive worked with them before for another displaced family and it was great, they even adjusted the rate mid stay and was a big financial win for me. 

Purchase price: $1,500,000 60k sqft office building that we are redeveloping into 78 market rate apartment homes in 2026.