When adding a second rental property to an existing LLC, you can generally deduct start-up costs and operational expenses. 

Not as much as multifamily but still more than STNL single tenant or 2 to 4 tenant type retail center properties.The larger centers they live or die by the anchor tenant so really have to know if that tenant owns or lease the space, when it was last re-imaged inside and out, and what sales they do per sq ft year over year and how they have been trending.Larger retail centers have defaults from smaller tenants with covid right now to work through so offering should have reserves built in for some not making it so buy in cap rate on existing NOI might go down in the short term as tenants are lost and tenant replaced.

Also, while permits are available, the STR market here has become saturated and receives constant pushback by the NIMBY locals. 

What type of loans exist for those looking to owner-occupy a non-warrantable condo?

Limited new supply additions suggest that existing properties may continue to enjoy favorable market conditions.5.

Subject note wraps around an existing 4% interest 180 payment $615,000 mortgage.

Hey Sonia, DSCR loans for Foreign Nationals do exist.

They have considered changing these rules to help lower insurance costs HOWEVER, they would grandfather existing owners - at least 50% use as short term rentals so changing these rules wouldn't fly otherwise.  

Instead, any alterations would need to be implemented within the existing code.Therefore, unless you're willing to hire me to modify the tool's coding, I wouldn't be able to assist in updating the code to suit your needs.

It's generally coinsidered that you don't need an LLC until/unless you have many properties.The advantages you may hear about - liability protection and tax savings - do not really exist.