Commercial loans rarely allow investors to have less than 80% of the value of the property leveraged.

You may have to pass because unfortunately, your company policy doesn't allow purchases above 85% LTV max.

It may lend you a little privacy, but folks who want to find you will just look up who created the LLC and then find you.That being said, in MO, they are incredibly easy to set up, and are not that expensive to establish (~$50 last I checked, although that may have gone up) and doesn't require any input from an attorney or tax professional (in my state)Personally, I have an LLC bc I pay myself through an S-Corporation as a realtor...the savings come out in the wash, but it allows me to pay taxes quarterly and avoid end of the year surprises.Another reason you may need an LLC is if you are investing with partners, and/or seeking certain loan types ( I know hard money lenders often require an LLC)Once again, this isn't my wheelhouse, so at the end of the day, I would reach out to a tax professional to learn moreLong answer short: in my opinion, you do not need an LLC if your plan only involves renting out your inherited home

Cleveland City Council has passed a series of new regulations targeting landlords who allow their properties to fall into disrepair. 

If this is a condo, please confirm they allow STR, most of them do not allow it. 

I think a couple of things you could do....stay with same title company, but ask them to write it on different paper that will allow you to do what you want to do. 

Hello, does anybody know where to get reliable data on whether short term rentals are allowed according to the zoning map of East Orange, NJ?

Unfortunately my complex won’t allow-but great idea for future investments! 

I used this equation to back into my maximum allowable offer (MAO)ARV - Rehab Costs - Holding Costs - Purchase & Sale Costs - Desired Profit as a percentage of ARV = MAO

When you sell that property depreciation recapture is technically measured on "allowed or allowable" depreciation on the property - meaning there is a possibility if someone claims the 80% and doesn't fix it, they'll still be paying recapture on the 100%, even if they didn't get the tax benefit of it.