A single member LLC regarded as a pass thru entity has no tax liability of its own.  

Do you take out a second mortgage on an Airbnb that you never wish to sell that’s almost paid off  or do you take out 100 grand against your primary residence.  

Purchase price: $55,000 Cash invested: $110,000 Sale price: $205,000 This was a 1950 raised home that needed extensive foundation repairs as well as all plumbing, electrical and subflooring.

They do this in a lot of locations.

A HELOC may be an option but I'm full time real estate (no W2) and have a couple properties and my DTI is relatively high. 

She's a wonderful person and is successful in the STR space in Pittsburgh.

Hopefully its not a big loss.

@Frank Newsome the profile you started here on BP yesterday, doesn't show where you are from.So, not sure how you picked those 4 markets, other than they are all in Michigan.We're in the Metro Detroit market, not the other 3.Our website has a map showing all the cities in Macomb, Oakland & Wayne Counties, that make up Metro Detroit. 

It’s awesome to see someone starting their real estate journey at such a young age with a clear vision and determination.

I do a lot of business near the parks with STR and I know the HOA fees can make it really difficult to make the numbers work.