Why should they care about the long-term tenant performance?

Just be sure to carefully consider the financing costs and make sure your STR income can comfortably cover them.

Hi Jill, when it comes to LLCs, you'll typically run into issues using conventional loans as they won't lend on LLCs and want the investment in your personal name.

Once my DTI got too high to get conventional loans, I found a great lender who finds creative ways to get me approved for conventional loans.

I assure you, taking care of our community is a priority, and we make it a point to respond to everyone.

The only thing I care about as an investor in a business or someone who may lend you money is the bottom line.

I love your commitment to transparency and taking care of your tenants.

This scenario is entirely possible and I've done stuff like this before with seller finance (SF) properties I've purchased and then refinanced later.That said, if you have the downpayment now, why not just use conventional financing now?

I currently own a duplex in Indiana and bought it using a conventional investment loan.

No one cares.