If you’re truly interested in the economic impact in the Pocono area of not having STR properties, I’ll be happy to send some slides over.

Today, there are properties with indoor basketball courts, lazy rivers, movie theaters, and exterior spiral slides going from the upper deck to the lower deck...truly creative ways of grabbing the first round of renters.Even though my rents were steady because I had a hefty repeat renter business by then, I realized that this trend of having a large luxury home was not enough if I wanted to capture more renters.  

Here are a few below:Generally, buying through your personal name can reduce the interest rate - commercial rates on LLC mortgages are usually higher but you can research thisMost LLCs on incorporation don’t have any credit so it may be difficult to find. a lenderIf you own the property in your personal name you are exposing yourself to more risk and will want to transfer the property into LLC as soon as you canIf you own property in your personal name and transfer to LLC the lender may not allow or can call the entire loanLLC or personal ownership you need insurance.If you search the forums for this topic using the magnifying glass feature in top right corner of your screen on BiggerPockets you will find a lot of discussion on "Quit Claim" "Buying through LLC", "LLC or not" etc....

Class D - don't go there unless you have lots of experience.The challenge is you understanding the increasing risks to your ROI as you slide down the alphabet.

Tenant agrees to comply with all duties required by Wyoming Statute §1-21-1204: maintain the Premises in clean and safe condition and not unreasonably burden any common area; dispose of all garbage and other waste; maintain all plumbing fixtures in a condition as sanitary as the fixtures permit; use all electrical, plumbing, sanitary, heating, and other facilities and appliances in a reasonable manner; prevent water pipes from freezing by turning off outside spigots, disconnecting hoses, and keeping the rental heated to at least 50 degrees; replace lightbulbs, air filters, water filters, and other consumables as needed; test smoke detectors every six months and replace batteries as needed; immediately notify Agent in writing of any defects or dangerous conditions Tenant becomes aware of; replace broken or cracked glass, no matter the circumstance of breakage, unless the Tenant provides Agent with a police report detailing breakage beyond the control of Tenant; pay to repair anything damaged by the Tenant, his guests or invitees, whether through intentional act or negligence; upon termination, remove all personal property and garbage either owned or placed on the Premises by Tenant and clean the Premises to the condition at the beginning of the AgreementCreate a policy and stick to it.

A tenant destroyed a garbage disposal with a shot glass- the next thing in my lease was tenant payment for repairs not coming out of security deposit and specific terms for hourly labor charges. 

If you get it and buy one a year, then too often I see that the basic knowledge gives the investor beer glasses....they know just enough to be dangerous and they get circles run around them in too many cases.If you're going to buy 10 a year...and be pretty active buying and renting...and maybe selling a few or more for friends, families, other investors...then it might make sense.You can still take the classes and get the knowledge without getting your license. 

Hey Treasure.Best bet is to search "off market deals" using the BP search function (magnifying glass at top right of screen).

You literally just reached your arm up your rear, sliding it by your head, and dragged it out.

I have a free video and slides on how to find that data that I did a presentation at a local REIA group and my wife recorded it on her iPad if you want to connect with me if that is the kind of data you want.