You purchased in 2020 so you're experienced in high-demand, competitive markets.

Best regards, This approach is neutral and objective, focusing strictly on the criteria, and avoids discussing any specifics about the applicant’s personal situation.

Assuming I also use the Airstream for lodging while traveling for personal reasons, would I just take a pro-rated amount of depreciation for the amount of use that is business vs. personal?

What you CAN do is partner up with someone experienced and split the deal.

This could give you the cash you need for the purchase and also eliminate your personal guarantee for the loans.

If things get tricky, consulting a local attorney experienced in landlord-tenant issues can help you handle the situation properly.

Just my personal experience.

I currently manage them both and am experienced with the whole process along with finding deals and analyzing them.

Also, get all personal info (DOB, SSN) from the seller in case needed when talking to lenders, lienholders, etc.

You can stack your personal 50%s up for separate ventures while still knocking out deals without your own capital2) Read Raising Private Capital by Matt Faircloth3) One LLC with the S Corp designation to pay yourself a reasonable salary from the flip profits.