Remember your costs will be more for an STR, you'll be paying for a lot of things you wouldn't with an LTR - higher STR insurance, all utilities including internet, supplies like toilet paper, paper towels, dishwasher detergent etc, upkeep on furniture and linens if damaged, yard maintenance and grass cutting/snow removal, trash removal, etc.  

Check NTLA website to see if they have any white papers on NC/SC.   

Turned out the ad appeared in the papers that weekend, we went over to see it right away.

Is that what you would want to read in your local paper about you?

It would be like being trained by a neighbor on dog walking and them giving you a piece of paper calling you a certified dog walker. 

Tenants in common is when you acquire a property with the names of more than 1 person.Acquiring through an entity, is when an entity acquired the property and there is paper-work indicating you and others own the entity.

They look good on paper but are typically money pits in real life. 

Scan the local papers and try to find any vocal neighbors trying to ban STRs.

Then sell the beneficiary interest in the land trust to YOUR buyer/investor.This way on paper it will look like your trust is buying the property.

", shows your inexperience.The cashflow numbers for Class C & D properties only look good on paper because few investors plug the correct assumptions into their ROI calculators.Have seen many newbies use a 5% vacancy factor for Class C & D properties with nothing built into their calculations for tenant-nonperformance or the extra damages low-demographic tenants statistically cause.BTW: we recommend using at least a 20% Vacancy+Tenant-nonperformance number.