That's what the requirement is for if you wish to move out and make it a rental too.

Wholesale deal, it was extremely fast paced and had to move quickly on securing the HML and acquiring the funds needed to close.

Hopefully your flexibility will allow you to move to the market you select to give you that boots on the ground advantage. 

I only recommend selling when you can invest in something else that produces a greater return or move closer to your goals. 

Yes that is probably a smart move. 

Dump them and move on or keep losing 900 a month for the foreseeable future. 

I'll try to make this short and clear, but there are a lot of moving pieces. 

Honestly, if you are going the fanny/freddie route, I think you have to close in 'your' name and then you can move it to an LLC.

Being new to this biz, there is a lot of fear and trepidations associated with the "right" deal and a network of lenders, agents, contractors you can trust.My strategy at this point is 1, put my money to work for me, move my money into a real estate/ self directed IRA and then work into the fix and flip side of the business. 

CO is definitely moving in the wrong direction in my view with many policies.This is another reason why I am more hesitant on STRs than some of the big cheerleaders out there.STR laws change rapidly, and unpredictable politics can make or break a business.