Friendship and business don’t always mix well, so it’s critical to use a solid lease and treat this as a business arrangement.

🔄 The Side-Hustle Timeline: How to Build Your RE Business While Working 9-5Ever feel like your W2 job is holding back your real estate dreams?

I am currently a junior business marketing major with a concentration in professional sales at Samford University.

This is really going to depend on the state you are looking to do business in.

A typical PM for full service is around 20-30% depending on the area.Or do you mean a PM that is local to you managing your out of state STRs?

Neighborhoods to invest in is a more subjective topic as that is often dependent on the type of investment you're interested in, your price point and even the type of tenants, if that's the route your going,  that you are trying to attract.

Depending on the loan product, you may be able to exclude business debt once the business has paid the debt directly for 12 months.The income and losses related to the operation of the entity will affect the income side of your DTI (like Jay explained) if you own 25% or more of the entity.

I don't know that any of this would affect a new appraisal, but there may be some comments by the appraiser, which may or may not hurt you depending on why you want the appraisal in the first place. 

However, an LLC can be used to open a business bank account.

I am starting the legal process as we speak and depending how many more we can make this a class action law suit.