Last time I looked the laws read In order to practice any kind of property management (applies to STR technically but is kinda gray area) in Alaska you need to be a licensed agent under a Broker unless you manage 4 or fewer units or if they are your personal units.

The last thing you need is to provide any reason for him to claim that this is a consumer-purpose loan.

I have just created my LLC a last week.

I looked into it last year, but decided not to right now and I won't give the reasons... rather I'd like to hear any input. 

If one wants “control” the last thing one wants is real estate.

I have been working on rental applications where the county issued some fixes last year.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

@Allen Clark One of the regulars at our meetup has a couple locations and a guy who came last month is solely focused on them, though he is in many states.

Do you return the money as a check as soon as they sign the lease, refund the last months rent for the following term, something else?

@Reid Richardson it's been awhile since we last connected, so let's jump on a call soon!