Hi K,It would be a good idea to first research more on the property - whether the property had fell out of contract, what the pricing history has been, what the neighborhood looks like, whether it is overpriced, etc.

I am trying to understanding the history of interest rates for an LLC loan.

First, do not associate with any Contractors that tell you not to get a permit, like @Matthew Paul said, they do it for their own protection (should anyway).Call the City Building Dept and ask for a permit history on that address.

There are obviously no past records on Airbnb is when you buy them you just have to be a local agent and no the area so we couldn't go off of past to you 12s or previous numbers which is a challenge for most Airbnb is and why most people don't buy them if they don't have a history Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

We need to look at income, debts, DTI, down payment, cash to cover closing costs and reserves, verify employment history, credit, etc....you mention having no other debts which is great, but there's a bit more to it than just looking at gross income. :) Feel free to reach out! 

Does he have solid history with the HML? 

You'll see a return to more conservative values in our government once our great American society plays out the history we are doomed to repeat.

Ft)The first thing Ilook at before viewing a property is the permit history.

I have 1 son and a daughter on the way.

Background information - I have secured the property, have changed the locks, and the previous owner has not occupied the property in over 5 years and has mostly likely moved in with her daughter in a different state according to the neighbors.