Heyo BP community,I'm researching the possibility of operating an STR in Gulf Shores.

Yet, while he did not have any operational experience, I did for 12 years. 

With this as a foundation you can appreciate and understand strategies, tactics, and operating methodology.3.

You won't have to bring any of your stuff into the situation if you're not part of the LLC and if you are, then rearrange the Operating Agreement to make yourself a 10% owner.Conway would be considered rural and your LTV will be reduced because of it, but 65% is still a pretty nice loan amount.Feel free to reach out if you need additional information.Stephanie

The era of unrestricted, unregistered STR operations in Houston is coming to an end.

HI Dara,If you own more than 50% of the LLC and can prove that you own it via operating agreement IE you’re the manager or member for 51%+ you can use conventional financing to close on this refinance out of your LLC (you will need to quit claim deed it back to your personal name and update the preliminary title report prior to closing conventional).Fannie doesn’t care about seasoning and timing however if you opt to use Freddie Mac there is a 51%+ ownership of the LLC required and or 12 months payments or occupancy required so freddie is way tougher for their continuity of obligation (COO) requirements.

I just found a really good article on this topic which has a directory of servicing companies and the states they operate in.https://retipster.com/loan-servicing-directory/

I'm still fairly new only about a month into it, but so far it all seems like a pretty legit operation.

I’d ideally like to keep the property management financials and operations completely separate from the employing broker during that period.

I have no previous dealings with ODC and so far the GP's personally have not shown their capability to operate or look after investors by funding additional capital on their own (Without looking for additional investor capital).