However, if they are still considered a short-term guest under lodging rules, you may have more flexibility, though the specifics can depend on local regulations in Seattle.Since this can become a legal gray area, I recommend documenting all agreements, payments, and communication with the guest.

I am new to real estate investing and looking to connect with any local investor.

I would appreciate any and all help.best regards,Jose have you called some local lenders?

Have you considered dropping by one of your local REIA meetings to see what lenders your peers are using?

Zero in 2024 in Huntsville - which is precisely why we bought zero LTRs in 2024 locally (bought one out of state, and bought a local flip property and one small local commercial property - slowest year since I started REI in 2017). 

Call some local competitors.

Ultimately, it depends on your comfort level with the local regulations and market dynamics.

would you still create the single LLCs in OH (the state where the flip is in) or open one in my state of residence and JV with the local LLC ?  

Take the time to connect with investor-friendly pros who understand your strategy, and don’t rely solely on pro formas—talk to local investors and analyze real numbers.

I'm curious as to how this has affected everyone's local market.