Either way, your father-in-law’s position is protected.The investment property should be held in either a land trust with an LLC as the beneficiary, or directly under an LLC.

I am looking into residential construction companies and want to get an idea of the markets direction in the areas mentioned and start networking with investors in the area. 

For pre-2022 loans with lower interest rates, direct transfer to an LLC could risk triggering acceleration and result in refinancing at a higher rate.

Send me a direct message! 

Feel free to message me direct..

Can you set up an account and post a rental directly on Zillow if you are not a realtor? 

I sent my contact information in a direct message

hope it works.. but throwing in the affordable housing requirement a lot of times kills the project right there.Also at least in markets I have worked the time lines START from completed submission.. you make your submission and then get an incomplete letter this goes on for months and months soo time lines still extend.. but at least its a step in the right direction hope if works.

🫣This doesn’t answer your question directly, but the whole concept is very close to the old time “rooming house”.  

Waivo has a different but similar product they sell directly for STR.