If you have a mortgage on the property and transfer it to an LLC (the LLC would be a different owner) it could trigger a due-on-sale clause.

I signed up for a mastermind class that teaches you how to invest in STRs and pulled the trigger on a 2BD/1BA house in Pittsburgh, PA to operate as an STR.

So please please please consult one before pulling the trigger.

Very helpful and all responses have triggered additional questions for my tax guy.

@Jordan Dzubak we played with the idea of getting something at the Lake a few years ago, but ultimately never pulled the trigger in large part because so many neighborhoods were modifying their C&Rs to prohibit short-term. 

If you don't, then you essentially have no insurance on the property.But, it's when the lender is notified of the new insurance coverage that will actually notify the lender and then they will trigger the due on sale clause.

I really appreciate any input or suggestions before I pull the trigger on these large expenses.

This includes medical malpractice and auto accidents, both of which are significantly higher than what you would see with a landlord slip-and-fall or mold injury claim.3.

. #4 Once you're comfortable with everything and you find a deal you like, pull the trigger.

In California, people don't want to disclose significant home upgrades because it could trigger a Prop 13 property tax reassessment.