(to keep things simple)Property was primary residence for Person A from original purchase until 01/2020.

A loft area, for example, does not qualify. 

Also, some municipalities require that the property be your primary residence and that you live on site to manage.

The key difference is that when buying as an LLC, you won’t typically qualify for traditional FHA or conventional mortgages.

Should have mentioned this is on my personal residence. 

But, an LLC is subject to the laws of it's state of organization not where the property is located or its members reside.

If you plan on making it your primary residence, I would focus on one of the renovation loans as that will get you the best pricing.

If I rent out three bedrooms at 600 each, that is double what I would be getting.However, it seems that renting out rooms separately isn't permitted unless you actively live there with the property as a primary residence (not sure on this point).

Since she is both an attorney and an investor I think she is definitely qualified to answer your questions!

By last night and early this morning, I did suggest that they evacuate but that they could stay if they didn't have any other options (surge is my main concern, we are on the 18th floor so I don't think they will have an issue with that and we have Miami/Dade qualified hurricane protection)...BUT, I was very forthright that they would likely be without water and electricity and stuck on the 18th floor possible for some time.