The city of South Lake has a vacancy tax on the ballot for November and Stateline on the NV has a split commissioner board regarding STRs.

Depending on if you use a DACR loan or other alternative financing the LLC might be required.

Pre Payment penalties are standard of 3-5 years, and can usually be eliminated completely for an increase in the interest rate of 1.5-2%+/-.

Aren’t the property taxes eating all of your cash flow?!

You can access nearly 95% CLTV (on a primary - depending on income) and on investment properties up to 85% (full income verification) or use the proposed rental income (DSCR) usually up to 70-75% max.

Excellent deal for the minority partners (zero cash contribution) but a low ROI even accounting for tax savings of $24k/yr on a $500k cash investment.

Now there are instances where I recommend long term over short term rentals, it just depends on your expectations as an investor.

I may allow it, depending on the circumstances.

Homes like ours are selling between 100k to 200k, depending on various factors, in our area.

It really depends on the suburb you are in.