I am looking to purchase a house in Havasu City AZ for a short term rental property.

Regarding purchasing another house down the road....the "new" bank will want to know what is going on with a mortgage showing up on your credit report. 

We just purchased a condo in Myrtle Beach. 

Purchase price: $290 New Fix and Flip deal

I recently purchased an LLC from another state that owned properties, so I understand the nuances.

I would really like personal testimonies before I go out and purchase one.

As my business partner and I scale, we are talking about purchasing an office building in the city, so that if one of us ever leaves our full-time jobs we'll be able to take over the property management and have an official office presence in the city to satisfy the requirement.

Let an operating team do all the work, you come in with the capital when the deal is almost at the finish line of the purchase, then you're done once you complete your due diligence. 

Provided your Sub2 purchase closing is done complete with all the necessary paperwork (e.g. limited power-of-attorney between the sellers and you), refinancing should be no different than a normal refinance.Sub2 can be heaven or hell, depending on the quality of your closing paperwork.

You can do an all-cash purchase if there is no note on it, and just make sure that you are on the same page (even with your dad is the executer)...