Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.

Why doesn't he want to do it, and what are his plans to do with the reduced cash he gets after selling the properties traditionally? 

What I’m really intrigued on doing is getting a short term rental, mainly because of long term appreciation and I can depreciate the first year and potentially reduce my other businesses income so there would be a tax savings there on top of some monthly income coming in.

If the transferor were a foreign taxpayer, and  the Buyer or settlement officer, fail to withhold those funds, they could be held liable for the tax.FIRPTA withholding does include exceptions to the withholding rules.

I will need some build out time approx. 30-60 days and would like to have rent reduced or make no payments until the renovations are completed.

Hi Forrest,Our office is in CA but we can do flip loans in most states including VT!

The first project was relatively small - 8 units including 3 retail spaces.

Variable costs include cleaning, linens, guest amenities, and utilities, with unexpected expenses like guest damage and turnover.

I just want to do everything possible to make sure I'm protected in every way, including making sure no one could ever go after non real estate assets like my stocks as well. 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.