Now, if you're buying in the name of the LLC and you're doing a DSCR deal, that will be irrelevant.

In fact I can have half of the rooms occupied and still pay the mortgage. 

welcome, would love to connect and network. congrats on the move

Since the original loan remains in the seller’s name, you may need a nominee interest allocation to deduct mortgage interest, as the Form 1098 will likely be issued to the seller.

Please, no solicitations.

Or, ya know, just spend the next 140 hours trying to get a self-study law education followed by another few hundred hours self-study to sort out how to avoid repeating the situation.That's the reality of it all. 

I’m on the final step.

I'd check out the quality in the store first to make sure it's relatively comfortable.

Seeking insight from the community on converting a STR (primarily Airbnb) to long-term rental.

Please check your private DM and email messages and please respond there.