Welcome to the site @Mark Coates!

We contacted our client/owner and asked him if he was open to it, which he was.

Then ask why the property tax rates for hotels on Maui hasn't increased in over two years, yet they continue to raise it for STR's as well as non-owner occupied residential properties.

Most work this way BTW Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

I guess the owners squared up with the lenders last second. 

If you guys wanted to layer the entities, you can potentially do that where each of your entities are 50/50 owners of the new vesting entity.

Unfortunately for the owners, the real estate agent created the VRBO and Airbnb accounts under his name and now will not release those accounts.

However, I am also hearing that you can do things like contacting property owners via cold calling, skip tracing ,etc to find properties. 

We have insulated higher that the standards for new built houses, as heat costs rise, this move pays more and more.We look at what other owners are charging for rent via Craigslist, Zillow, Rentometer and Rentcast, and always look at HUDuser.org for the HUD Median rents. 

The front house, there are two roommates that share the house with the deceased owner.