@Blake Salisbury, if you're trying to create a TIC structure complian with Rev Proc 2002-22 then you'll have issues. 

@Brandon Hall could you shed light on this issue filing a state tax return to preserve a loss for a K-1?

The common theme here is that I was patient and bought when prices corrected/crashed, not when they were crazy.

The unit has a home warranty so most maintenance issues I just have to call in, so there wouldn’t be a need for a property manager. 

All these PMCs are essentially bidding on a job, like a contractor would, and the ones that have responded have had no issues in asking us to set up a time to meet.

We have not been able to rent due to permitting issues.

Surface the material issues.  

folks that paid a lot of money for an owner occ house and a stable neighborhood might have an issue with the property being run as a hotel?

We literally just got through the 6 month hurdle to get it into the LLC; now we are told it has to be a second home mortgage and back in my name to pull equity.Current loan is 237K owed; 450K+ apraisal value Yes - absolutely no issue getting a DSCR Loan Refi with an LLC, its actually typically preferred!

If the lease is silent on the issue, you should give reasonable notice (normally 30-60 days prior to end of lease term).