Hey Janet, it's good to hear that you are not in a rush to get this one moved.

Be in a location that allows short-term residential rentalsIf the residence does not meet the standards for a conditional use, they cannot be waived.Any STR must be owner occupied would be a game stopper for out of state investors.

Which just means that rather than the new loan maturing in a nice round 5 or 7 years, it will mature in 2 years and 10 months, if that's how long your lease with the current tenant is.

Quote from @Andrea Ward: I recently purchased a small tract of undeveloped, heavily wooded land in North Mississippi in a neighborhood.

Yes, that is all correct, especially since we are in a very small town and the property location is fairly remote.

Buy the worst house in a great neighborhood and fix up.  

I feel I’m in a special scenario and would like to have about 3 properties by the end of 2026.

Could any of you please advise us (not legal I understand) if setting up an LLC or these homes in a trust, etc would be beneficial?

My primary residence is in a trust.  

A few questions:Have any of you been in a similar situation where multiple partners were involved?