Your next steps are to find financing or sell it before the balloon pops.

I can't wait for the next one and to share my experience for anyone who is interested.

The best thing to do is to put each property in it's own LLC.

My understanding is that most lenders will file a mortgage lien on the subject property as soon as the loan is signed so as to preserve their rights, but what if the lender did not do so before the borrower defaulted?

Excited to share that my wife, Stephanie, and I are stepping into the real estate world!

The answer is MONEY. 

This depreciation offsets the income from the STR.

I would get rid of that immediately.Second, I would ensure your rules are clear, in writing, attached to the lease, and posted in locations where the occupants can't possibly miss them.

My family and I have been renters our entire lives, so I'm excited and grateful to be the first in my family to embark on the path of home ownership.

Are you purchasing or refinancing a property within the next six months?