However, when applying for the operating LLC, you should have designated the holding company LLC as its owner.

agreed here but in our market we do more than just build we entitle, attend zoning meetings, we sell the asset, we provide rental comps, we negotiate financing structures, very little of the actual process is building. floorplan design, style, etc local knowledge trumps all.

For example, can I simply let a friend borrow $25k & get paid back with some interest or is there some reporting & rules involved before engaging in such practices?

If it was fixed without an engineer's design, that would worry me.

By engaging with fellow investors, you gain access to a wealth of practical advice and real-world lessons that can help you navigate the complexities of real estate investing more effectively.Don't hesitate to ask questions, regardless of how basic they may seem.

The sales pitch seemed like exactly what I need, by design I know.

I recently had to use a local laundromat for a couple of months and loved the option of using a designated laundry app to pay.

I would be very cautious of engaging with Steadily especially in the initial quoting and payment process.

And if the profile was created in 2020 or later, I generally assume it's fake and refuse to engage unless there's some really convincing evidence otherwise.

You will have to deal with guests, design and furnishings which is different from long term rentals.