You do not need an LLC for one property with a mortgage.It is a rental property and not your primary residence.If you lived in the house for a couple years first then no need to change the mortgage.You might need to change the house to non owner occupied with your property tax office.Are you going to move back into the house when you get back?

Often what has caused the most damage to a structure is past owners careless remodeling cutting notches holes or completely through structural members of the home.

Still a great market for owner occ/house hack, but again it's not a high income area so rental rate is going to top out a bit in my opinion. 

As much as it sucks for owners, PMs, and other tenants, just because we are LL does NOT mean we can suddenly magically control other people's behavior and get them to do something.

Hey Everyone.I started mailing out market reports to absentee owners in my town with the hope of finding new clients.

Hi Drew, If you were purchasing it as owner occupied you could put down 3.5% (FHA) or 5% (conventional) - that is good news for the house you are buying for yourself and your wife!  

Right now I'm starting with distressed homes and looking for those owners who want to sell as is.

And I'm not interested in selling or having a co-owner.

(The sponsor has since said he'll amend it to only apply to homes rented as a vacation rental 200 or more days a year.)A new competing bill would apply the commercial tax rate of 29% to Airbnb properties -- like the first bill -- but only if the home is the third or more property of a single owner. 

To leverage this benefit, prospective property owners must engage in short-term rentals and provide substantial services to guests, such as daily cleaning, meal provisions, or transportation services.Additionally, navigating a material participation test becomes crucial.