@Jerry Zigounakis For your STR in Big Bear, forming a CA LLC is ideal for liability protection, even with the $800 annual franchise tax and possible gross receipts fees.

Fees are really low too. 

So, the tenant covers just about every operating expense from maintenance, property taxes, and management fees. 

There's also plenty of lenders who falsely represent the true capital requirements to originate their loans or are merely up front fee collectors. 

@Shmou N.ShmouYou can collect Rent and all other fees; Utilities, parking, or any other fee needed.We don't currently have a notification of the deposit but I will add it to our develoemt roadmap and you will see it in an update.

I know broker fees are $500 so $12,500 in commission?

You will also have to factor in the closing cost for the new loan.

I have done it with some contractors taking Paypal where you can use a credit card on that site with a fee, or QuickBooks is another one too.

Lastly, there will be no management fees!

They also know about real estate so less likely to charge you extra fees to get an appraisal or BPO because they can estimate the value themselves.