It may impact the loan and will require you to pay transfer taxes based on the assessed value, deed prep and some additional accounting fees to address basis.

That way accounting seems to be more likely to be correct.Good Luck

PAYMENT DISBURSEMENTS - Incoming rents would come into a general rent account, replenish the maintenance fund for any expenses incurred through the month, take the PM fee, and then disburse the rest into the owners account.

Hello,I am currently in the process of creating finance, accounting, and workflow automation solutions for real estate investors.

I mean, I know a family member is involved but a HML would lend you 70%-75% of the ARV.  

This is a seller financed deal in which no agents are involved.

@Laura Winegardneri think it will probably be difficult to find a lender that would take into account 'potential' STR income... but even if they did, yes, i think that would be risky. 

For the record, I own two homes (I paid cash for the both).Of course there are several financial factors that are involved when making a decision like this.

This takes into account factors like mortgage payments, vacancies, HOA, and so on.

Good afternoon Andrew,I'm actively involved in real estate investments here in Jacksonville and would love to connect with you.