Osceola County (Kissimmee) has many options in purpose-built, legally zoned STR communities.

- Also, what is their networth, so they are legally collectible for the guarantees?

If not, don’t even think of this.No matter what, consult a qualified lending attorney to understand your legal options and ensure you have proper loan documents in place to protect your investment.

@Chris SeveneyNote not An attorney or providing legal advice

Will the title company put this property under our LLC name, and won’t be required to legally inform HUD/tax authorities. - will it influence property taxes once we move to conventional loan in 3 yrs? 

In total, including money lost from rent, legal fees, and repairs, the situation cost almost $30k.

Scaling-  your question is both country and even town specific.  

I learned so much along the way, including navigating the legal process needed to remove previous owners (squatters) who did not want to leave.

Quote from @Matt Schreiber: I know this is a common question but wanted to hear specifically from investors or realtors that are seeing MLS cash flow for 2-4 unit properties.

When you mention STR, are you referring to a specific type of short-term rental classification, or is there a particular regulation you're looking into?