A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.The downside of using FHA or a FHA 203k is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.

The owner was motivated due to personal circumstances and wanted to avoid the hassle of listing the property publicly.To negotiate the deal, I started by understanding the seller’s priorities.

They do require that person to have no assets, so a house in her name could be problematic.

I personally try to avoid extroverts because they are often incompetent and irritating.There's a difference between being an extrovert and being charismatic.

IRS 590 also explains this.5) When you receive a distribution or otherwise get paid back, never take personal control of the money.

I want to exit as I don't get any personal use from the STR being 20 mins from home and would rather apply the capital to another opportunity in multifamily (LTR) or another STR in Hawaii where my brother is a broker and now manages STRs.

All it ends up being is one person saying "Is not!"

That depends on a lot of personal factors such as your finances.

Quote from @Zach Howard: I think it's probably better to hold real estate in an LLC than in my personal name.

This is advantageous bc later you have a third party loan (not your personal money) so seasoning period is 90 days to DSCR out.