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Keep records of the payment timing to substantiate your reporting if needed.This post does not create a CPA-Client relationship.

That creates a really nice price / rent ratio which is favorable for investors looking for cash flow.

Feel free to reach out—I’d be happy to assist!

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

Our team also focuses heavy on STR management and assisting in renovation to get higher dollars per night.Let me know if you free for a call sometime.

If you need any assistance don't hesitate to reach out.

You have three choices...transfer the property and keep the loan in tact hoping they won't trigger due on sale, refinance into a loan that allows it, or simply leave things as they are. 

Seller financing, subject-to deals (taking over the seller’s mortgage), or lease options can create terms that work for both parties.

That is in addition to clauses that require anyone that stays more than 7 nights in 12-months to apply (then it becomes our choice if they are treated as a temporary occupant or tenant) and prohibition of subleasing.