Thanks Lauren - no one close by except a lady I wouldn't trust......I think it may be a bad idea too, just wanted to explore the concept a bit.

I can now close loans at a lower rate with my commercial banker than a residential owner occupied. 

Quote from @Sean Anthony: Quote from @Michael Smythe: @Sean Anthony website is down and Google states business is "Temporarily Closed".Many times these guys just open another company, so his name will be more important than the company name.He's been reported to the FBI, FTC, local law enforcement, and Ohio Division of Real Estate. 

Hi, I'm closing on my first STR in April a 3 Bed/3 Bath property. 

Also never pay any upfront fees and go with a trusted lender who closes through a title company. 

You paid 1% origination, closing, legal etc, and 4.5% interest.  

They have close family in the area they invest, perhaps even living in the investment property itself like their child who is a college student and rents other rooms in the house to friends, or their sibling or parent.

Now, with the ADU rules, developers are buying anything close with some extra space so there may only be scraps left that wouldn't pass FHA or would price you out.

The IRS may scrutinize such transactions, especially if the "swap and drop" occurs too close in time.If the partnership has to be dissolved immediately it will be tough to sell the one property and defer taxes individually. 

Be prepared to come in with additional cash to close due the the appraisal.