Hi guys,An Airbnb guest living the floor above my Airbnb guest caused a flood in their condo, which caused extensive damages to my condo.I had to repair my unit, costing well over 20K.

Blown away by the response of guests, bookings flooded in within a week.

What is your experience in doing so for the following areas:- Landlord insurance policy (I learned and confirmed with agents that my name would remain, and we just go ahead and add the LLC into it also) (This will also be under an umbrella policy)- Loan (I learned that as long as the LLC is owned by the original primary loan holder, they will not need to call on the loan)- What are the TAX advantages/disadvantage of doing this (my status is not full-time investor, still hold full time W2 job, and a SMLLC)Thank you very much BPeers!

In Arkansas, you can; however, it would be unlikely that you'd be able to find a landlord who would allow you to sublet, unless you handled all cleaning, furnishing, and guest correspondence, and the monthly rent they would receive as the owner would exceed what they could get as a normal long term rental.I'm a property manager, and have had several "AirBnB Arbitragers" approach me, requesting this very same arrangement.

I reached out to the family member of the parents that have passed and she mentioned to me that they gave up the house and believes it’s in process of HUD foreclosure status.

However you definitely want to know the status of the foreclosure case and how long you have to sell it before the sale date.

Did you sale you Airbnb in White Plains or expand in Florida and Hawaii, just wanted to know the status of your investments. 

Sorry, no....we Contractors don't all know each other :-)When you find someone, check their license status with the State Board Of Contractors to see if they've had any issues.

Just make sure they aren't robbing from you with the ultra-low management fee by socking the guests with exorbitant booking fees, damage fees, etc. 

I listen to the BP podcast daily and almost every guest they have has some sort of Live Event.