You can also run your STR in your personal name or elect to start a company that operates the STR i.e. branding.If you do not qualify or for some other reason do not want or cannot qualify for conventional financing, you will likely have to go to some sort of DSCR or other business purpose loan route, and they will actually require you to put it into an LLC.

I also thought about just taking out an FHA loan (since my wife and I both have 750 credit scores) and buying a house and renting out my mobile home to cover the mortgage.

I am struggling to find any lenders that will do a line not a term loan.  

Option 1: I was thinking she gets her $650k, she holds the note on a 40 or 50 yr amort loan.

they send out governance votes on certain things like sell the property or take a loan against it.

Sold to a Veteran who used a VA Loan Lessons learned?

- Loan Type and Liability: Implications of personal vs.

@Cliff DurrettIn some instances the first will take a discount to give the second some money, but in this instance they are so underwater I don’t think the second will approve this as they are basically getting wiped, and they have much higher BPO’sAlso be aware the lender may satisfy the loan but not release the debt, meaning they will allow for short sale but then get a judgment to have the balance of Debt validated and still owed

In the remaining 30% both the land and improvements are owned by a third party real estate investor, McDonalds is the master lease tenant, and subleases to the franchisee at a 40% markup.However, the thing to realize is that all this real estate profit is enabled by the fact that the operating system is so successful.

They can push a DSCR loan into negative cash flow territory which makes the rates even worse.