Explain to them your plan and see if it is something that would be entertained and if so what the process will be.

Whatever you decide to do, do NOT even entertain the idea of skating by on the disclosure. 

I have a few properties in Durham which I obtained as a 1031 in 2022 or so, and they are currently not really cash flowing.

I am concerned about the implications of transferring the property into an LLC, especially since I have a favorable mortgage rate that I would prefer not to jeopardize.Would it be advisable to establish an LLC, obtain a PO Box, and open a business account without transferring my current property to the LLC?

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

Has anyone had success with obtaining a completed template that could be customized as needed?

Hi David, Some people honestly do not like jumping through hoops just to go see a property or entertain offers as it just becomes a headache to gather stuff.On the other hand, if its a luxury property or something worth a couple million, wasting time on non qualified borrowers is something to also consider.What is the listed price for this property?

@Bob Asad, it is vastly easier to obtain a HELOC on an owner occupied residence than on a rental.  

Excessive complaints or three violations in three years could lead to losing the ability to operate​.Impact on Neighborhoods: Non-owner-occupied STRs (Type 2) may cause friction in residential neighborhoods, as they often function like businesses, which can disrupt the local community atmosphere.Recent Regulations (2024 Updates):1) STR operators must obtain a permit for either Type 1 or Type 2 properties, depending on whether the owner lives on-site.2) Platforms like Airbnb are required to remove any listings that lack a valid permit.3) New noise and occupancy regulations apply, with stricter enforcement through permit revocations and finesThese regulations are part of the city's efforts to balance the benefits of STRs with the preservation of neighborhood quality and local safety standards.4o

Parky’s entertainment venue is set to open in Moorestown, New Jersey, while Neshaminy Mall welcomes Fusion Fitness as a fitness-centered anchor.