And guest are informed that they can leave any non perishables that were never opened.

Do not use the 140K as a down payment on a new rental you plan to hold for a long time.

If I put the property in my personal name then its a non issue, but I can not find anyone to do specficly STR in a company name.Any help would be apprciated.ThanksMike

Would rent payments need to be paid to the LLC?

Thank you for your response, My current income is about 75,000 a year, My credit card debt total is approx 40,000.00 which consists of 2 car payments and medical expenses. about 6000.00 of it is money I loaned or I guess gave to family and friends, Not to mention the cash I have loaned or given away, I am going to stop being a leech and start to put my needs first, I will get there eventuality!!!

Rates would have to drop a lot to reduce your payment hundreds of dollars after only a year.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

You could be with your bank for 50 years and if your credit score drops, or you miss a payment or do not show enough income for the debt to income ratios, your not going to get the approval. regardless of how many years you have been using them for checking and savings or even your business account!

A lot of people are buying houses sub to where ownership of the property transfers to the buyer but the existing loan stays in the sellers name and the buyer just takes over payments. 

The tenant scheduled a ACH payment in the system and the system marked it as paid or pending or something like that in my view.