Hold the property in the LLC's name for liability shielding, and use it for rent collection, expense management, and centralized operations.

I’m exploring the idea of turning it into a furnished long-term rental to hold onto it, generate income, and possibly return to STR when things settle down.However, I’m new to the furnished LTR space and would love advice!

However, if you already own a note secured by a vacant property, AHP Servicing and Activist Legal can help you execute the preREO strategy on the note(s) you already hold and want to keep.

AccountabilityAnother obvious and much-needed benefit of a coaching program is having someone hold you accountable.

Investment Info:Single-family residence buy & hold investment.

to your point, if you save up so that you're in a strong financial position, house hack a solid duplex in a decent neighborhood, make smart decisions, and hold it indefinitely, you'll be fine.conversely, if you have $0 and somehow start out with a risky flip, or borrow $20K and spend it all on a magic mentoring program, or buy a terrible property in a neighborhood you've never been to, you may not be fine.

I wouldn't recommend a standard buy and hold rental because you'll have to pay both your HELOC and mortgage on the house. 

They are not buy and hold forever type properties. 

Investment Info:Small multi-family (2-4 units) buy & hold investment in Peterborough.

I simply went to Wells Fargo (Wachovia at the time) and asked for a trust account so I could hold deposits.