Someone there advised to buy 1976 or higher.

Quote from @Guillermo P Manso: Quote from @Bruce Woodruff: I would advise against buying a condo to do STR.

I bought my home in 1993, and some years back the prior owner neighbor advised the border fence is a few inches onto her property.

Any suggestions or advise on HELOC’s are greatly appreciated as well. 

Also, why do you think so many people are advised to get an LLC when starting in RE investing? 

Please advise

If that is the case then that is considered cost of doing business and I would advise that should be calculated in your costs/returns you provide to the investor.IF you are referring to the investor who is the borrower - then I would have included that cost in the loan agreement.

Readers are advised to seek professional advice.

I am just beginning my real estate journey and would be appreciative of any advise.

Quote from @Irina Badal: I heard for anonymity purpose it’s advisable to set up a personal residence trust.