XXXXXXXXXXX, in book, page, of the Official Records of the County of Los Angeles County, State of California;WHEREAS, the Trustee does hereby reconvey, without warranty, to the person or persons legally entitled thereto, the estate now held by the Trustee under said Deed of Trust.Dated 1/17/2013Trustee: ReconTrust CompanyBy: Maria Fregin, Assistant Vice PresidentState of Arizona, County of Maricopa.....and then below all that, it is notarized.

You want to make sure you have factored that period into your numbers for startup time and your reserves before your STR can officially hit the market.WhereSecond up is the Where for the Shenandoah area.

Standard down payment for a new primary mortgage typically range between 3%-5%If you need the rental income from the home you are departing you typically will need a fully executed lease and proof of 1st payment and security deposit

The thing is, at this point in analyzing a property I'm not really wanting to make an official offer yet.

As mentioned above: if you paid some sort of “bribe/incentive” to the seller  you’ll need the receipiant’s social security number and they’ll need to declare the income. 

Despite the project’s unique nature and impressive traction, securing traditional financing has proven challenging.

There are definitely some swings happening in that market - but of course long term gains in California are generally a secure investment. 

DSCR is better, but just not as secured as a LTR lease. 

@Brian Willie this setup is very common to avoid having each Property LLC to have its own bank accounts.Only the Management LLC will need Operating and Security Deposit accounts.They all need to be single-member LLCs with the same owner, or else it gets very complicated.Find a good tax attorney to help set this up.

Exploring a combination of these strategies, such as using a HELOC for a down payment and securing a DSCR loan for the remainder, could help you achieve your goal of purchasing additional properties this year.