ThansksSame process and lenders and normal loans, it will be a loan for the entity and probably guaranteed by key officers.

Hey @Ana Mills, this ultimately depends on what your current portfolio looks like, your entity structure, and your plans to scale or not.If you have a few STRs and no plans to grow, it's beneficial to have separate bank accounts and credit cards for each property.If you plan to scale to 10+ properties and hold each property within it's own entity, maybe just a checking account per entity and keep some credit cards at the holding company level. 

In real estate (and probably other industries) this is referred to as a Single Purpose Entity, and it's usually a smart move.

The way I did it was I created an entity (LLC).

It may involve creating a trust or moving the deed into an entity.  

Has anyone had any problems using the C.A.R form with the "or ASSIGNED" and assigned to another person.And would I have to notify the realtor or selling parties that I have assigned the purchase agreement to another person or entity?

A key step is also meeting with the City and/or all entities who are involved in permitting. 

unless they are local there are far and few out of area investor that make it 10 years in those asset class's this is where the inventory comes from in the first place.. burnt out landlord syndrome.. what I think happens here is everyone has this idea that a good investment MUST make 10% COC or more.... and they are willing to take risks to get it no understanding the risks... and of course the sellers are not going to tell you about the risks.. sadly you learn about them as you state as a expensive learning curve.... locals can make this work I fund a few folks that have monster portfolios of these over 200 in one instance.. but its what they do its their daily business.... if one is going to go into this asset class its simply not an investment .. it must be with the purpose to own hundreds of them. and run it as I said as a business entity... to make money in this asset class the only way is to self manage and control expenses and manage your tenants hands on.... there are many many locals that own 20 to 50 of these and do this for a living... its appropriate for them...

You want to properly classify transactions such as Contributions/distributions if they are between the entity and the owner itself.If the entities are not direct owners, you have have a Due to / Due From to properly keep track of money owed between the entities.Best of luck!

Hey Sharad, I would connect with an attorney familiar with the laws regarding OOS entities in the market you're looking to invest in.I'd be glad to refer you.