So if they are disregarded entities (you are sole owner) you can buy new properties in LLC name or your own.

My husband did the bulk of the renovations but took no pay for his time during the renovation since we were strapped for cash and figured he'd just take owners draw for his time investment (LLC) after the sale.

Hey @Simeon Stubblefield, When it comes to entity or trust owned properties, it's hard to find accurate data to contact the representatives or owners.

I read the answers here and don't see anything problematic if we simply transfer the lot to the new LLC, and sla as the Trust is the only owner of the LLC.

If you have a portfolio of STR owner clients, why aren't you starting your own company instead of going under a big name agency?

Most lenders will require that you occupy a minimum 51% of the building in order for it to classify as owner occupied. 

I know that parts of the country you lose your homestead discount, change rate for non-owner occupied, or just nothing (like my market). 

Here are the details.The land owner would supply the land, I would supply all costs and construction.

The owner of this property that I am submitting an offer on in round rock is choosing not to provide a sellers disclosure.

 Good day all, i have found a property that is for sale and the owner wants out of it.