If you're asking how to get a general purpose loan to the LLC, then that's not going to happen without several years of operating history and organized financials for a CRE lender to underwrite. 

Hi Thomas, My daughter and I manage long term rentals in the Phoenix market and I can say that in the past couple of years we are seeing a trend of people doing exactly what you are considering.

Investment Info:

Retail commercial investment investment.

Purchase price: $250,000

Cash invested: $88,000

Commercial flex space. This vacant property was purchased under market value and needed a lit...

I would ask the daughter this and see if there is someone else that she has been in touch with to get ahold of the month.

I prioritize applicants with a high income-to-rent ratio, a good to excellent credit history, and a stable employment record.

Regarding the screening of potential renters, I'm planning to use Zillow platform to do credit check, background check including eviction history.

You only need a place to track tenant information, payment history, maintenance, etc.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Some lenders specialize in asset-based lending, considering rental income on Schedule E, especially if you have strong rental history.

First of all I put my acceptance criteria clearly in the ad: minimum credit score (enter X amount, 620 is what I use),income 2-3x rent, good rental history, references, no evictions, acceptance dependent upon background check and employment verification, pet policy, desired lease term, etc. so that people will hopefully read that and not come to the open house if they know they won’t qualify.