STR's are one of the more popular forum topics and 'complicated' investment categories (especially for newbies) so I wanted to share some recent investor and operator experiences on the Oregon Coast and why a coastal STR vacation rental home is worth considering. - Feasibility & Permit-ability: If you know where to look you can still secure a STR permit in most cities or counties from Brookings to Astoria.

This is simply known as an On-site Rental Company.

did they want both people on the loans to live on site?

Is this the right site? 

This also reduces the risk of mingling funds, which is important for both clarity and legal reasons, especially if you decide to form an LLC in the future.Potential Issues with Personal Checking Accounts:Audits: Using personal accounts can complicate things during audits.

Do you have a secure site to store everything?

Welcome to the site @Shabnam Moobed!

I'm deliberately keeping things overly simple here because secondary market ops and fixed income pricing can get complicated quickly. 

There are 2 complaints on the BBB site they claim have been handled, but it seems like an issue of not taking care of business for many months and then claiming to deal with the issues only after the complaint was made. 

Will your partner be upset because you are getting the better end of the deal living rent free(assuming you aren't paying rent).What if only your name is on the mortgage and deed, then the tax documents will all fall on you and your tax return and not his which makes it more complicated trying to shift income to him.If there are two people on the mortgage, it will impact both your DTI ratio's equally in full hurting both of your abilities to get credit in the future until the property is sold.Why can't you do the live in flip on your own?