The income/loss flows to your personal tax return. 

These loans are geared towards those with lower credit scores, allowing them to live rent-free and cover mortgage, insurance, taxes, and maintenance costs.

You have no idea if they are following the law, AirBnB rules, paying taxes, etc.

The LLC in this case is more just asset protection and not having your direct name listed on the county tax record.

Let time do it's thing over 5-10 years, you can take advantage of the tax benefits in the meantime then 1031 exchange into lower cost, higher yielding markets to achieve those goals.Great thing abotu real estate is if you have the capital you have options and options are always good.

We live in Alabama and he pays no property tax on his home here as a disabled vet.  

I generally pay on average 400-500/month a month for basic maintenance and repairs. 5200/year for property taxes. 5000/year for insurance.

.: @Travis Boyd you’ll lose more in interest rate increases, potential property taxes increases, realtor commission and other transaction costs than you’ll pay on any future cap gain taxes.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

To locate a property owner, you can typically visit your local county recorder's office or the tax assessor's office.