Even if that is accurate, it seems there is plenty of equity to be had, but we are having trouble securing a loan for a STR.My mom lives on the ground floor of the house and Airbnbs the 2nd floor (with it’s own entrance).

You can do a cash out fixed equity line or second home loan towards the down payment of a new investment to keep your current terms intact.

Password Sheet - I create a password sheet for each entityApartments.com - For rent collectionZDeposit - To escrow security deposits.

One of my loans was taken over servicing by Shellpoint.

Looking for advice on my general financial picture and what I need to do to get it to a place to be able to qualify for home loans. 

@Daniel Grimsley sounds like you have a Class C tenant.They are probably planning on saving the rent they owe you to use to move and pay first month's rent + security deposit on a new home.Why didn't you start the eviction process when they didn't pay May rent?

So my question is: Could anything change with the mortgage if the LLC is under new ownership (other than a bank potentially calling the loan due which is typically in any 30 year fixed) Then the icing on the cake: Obviously I'm attempting to pull this off right now lol.

@Prabhash Shrestha What kind of loan are you approved for that allows 20% down on multi family? 

@Brenda BoralIf it’s a loan he is not in the LLc and there should be a loan agreement.

I have a conventional loan so there are limits to what I can do.