I guess they can feel blessed they weren’t crushed and sent out of business by the rampant theft that forced closures of even larger and well funded grocery stores in Detroit, Chicago, LA and NYC. 

How are you planning to fund the rehab costs?

My personal home loan has a mortgage balance remaining of 157,000 and it's currently worth 550,000.

You now don't seem like the type of person most of us would accept a recommendation from.

I would never advise my customer to take a 5 YPPP considering we are have been moving into a downward trending rate market since 2024. 3 Year Prepay Max but if you plan on doing renovations or taking cash out on the ARV then a 1-2 YPPP would be Max.I would also advise buying the rate down before you decide to take a 5 YPPP using seller credit, equity or closing funds.

As one of my podcasts say, one person's yuck is another person's yum! 

Does the LLC file its own tax return, or do you report the activity of the property on your own personal tax return?

If directly to the seller, then you need to ensure that the payment is made, but also that it is made to the person who is entitled to it.

Most hosts in Chicago just pocket the full funds from direct booking, you would be in the very very small majority if actually paid city taxes on it.

Does not appear to be low IQ person to me .