Quote from @Sam Zhu: Hey BiggerPockets Community!

I've asked for the loan details so I can see the terms and fine print of the loan myself and am doing extensive research, but would love info from the community.

And a SUSTAINABLE approach to rental property ownership. 

Another question is if I do not LLC before I get married and I decide to LLC after I get married will that be considered community property because at this moment before I get married it is considered separate property.

It's against the law in some jurisdictions (OR, WA, CA and others) to even approach someone in a distressed situation unless you are an attorney, a realtor, or a registered "Distressed Property Counselor" and you can't benefit by buying or wholesaling the property.Equity Skimming and related penalties of sentencing are detailed in 12 United States Code USC Section 1715Z-19.

Its much harder to turn a property around in 6 months expecting to have 100% of your money returned back to you - but if you focus on the right property focusing on highest and best use with an ADU add (like mentioned), in-fill/lot split, or other rehabs - then hopefully a semi-decent property like that will perform like a champ in a few years. 

I would introduce yourself to the parents (really all of the neighbors, it is a good thing).The parents will help keep the kid on the straight and narrow plus it helps show that you are a responsible STR owner working within the community.

Unfortunately, this is generally catered more towards folks that don't know, don't care or too focused on a few bucks. 

Investor-focused stats on the Sarasota and Manatee County real estate market.- How much of a buyer market are we in?

The most profitable option is Airbnb, the most passive is long-term room rentals, and a hybrid approach can balance both.