Is this your first investment purchase altogether OR your first purchase using a HELOC?

While it's true that locking in rates for a longer term can seem counterintuitive during steep yield curve normalization, you can remove prepayment penalty altogether if you are comfortable with a higher interest rate.

But there are certain counties that have made getting a non-primary residence STR such a hassle (*cough* JeffCo *cough cough*), that hosts avoid going thru the process altogether.

Why not just write the initial $50k offer in the name of your company and avoid the wholesale aspect of it altogether?

Nope, I stopped hunting altogether when I tapped out in '22.

Also, they began to skip payments and eventually, they stopped paying altogether.

The table stakes are way too high right now for properties that most new STR owners are either overspending to keep up or missing the mark altogether.

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

Almost makes me want to pack up and start in another state altogether!