Basically, you can't STR an entire home here, or even an ADU, and can only STR out a portion of a home that you reside in.

Forgive me kind folks here for the many questions, I consider myself a newbie and believe that even if my questions are basic and many, I persevere and try to know from resources and of course great folks like you all here to grow and learn to make the right decisions.

Instead I will tell you that it can be done and you just need to have a quick call to go over the basics and be able to answer several questions.If you wanted to buy an investment property that would be even easier and there are a few programs you could use for this as well.

Basically, they name everyone because they’re hoping and counting on the fact that people set up their own LLCs and didn’t adhere to basic entity maintenance and kept things separate (like bookkeeping and separate bank accounts).

In order to pitch for funding, we feel like we need to get a few basic ducks in a row.

I'm in Oregon which basically whips people for being landlords but 99% of your problems are solved by getting good tenants so screen, screen, screen. 

B class will be basically break even maybe slightly positive cash flow on a good deal with your typical 20% down payment and financing the rest with todays interest rates. 

Real estate is not the stock market and it's called buy & hold and not buy & sell for a reason.I did sell a few properties about 10 years ago when I learned the hard way that going into cheaper neighborhoods was not the right strategy for me, so that was basically a strategy correction and it was necessary, but also costly both in terms of dollars and time.

I called some collection agencies and they basically admitted that for the amount of the judgement, they aren't willing to do much more than call and harass him for a while.   

Get a good cap rate basically covers your financing and ideally 20% more for maintanance, prop management fees.