Hey @Lee Burns - I might have a guy for you...Can you please provide us with a bit more background on your game plan and your understanding of how foreclosures and receiver's liens work in Chicago?

Completely Separate entities with completely separate management accounts means more administrative work and other costs.

The lower level (bottom 25% of Airbnb) and even more profitable hosts who want less work could see a sell-off in 2025.

Hope it works out.Alice -Heritage Rentals LLC 

Right now (Q3 2024) everything seems overbanked/overbought.Currently, my focus has been purposely broad but currently split between: A) SF business (wholesaling/rehab) I was asked to take over (on almost no notice – am still badly catching up) and B) Small balance MF and mobile/manufactured housing (<~50-100 units for physical/operational value add)I have made some progress on each but not where I would like to be although I have just recently gotten involved in the sub-institutional space again.

I would be inclined to work with them on this as long as it was a short visit. 

For the most part yes and depending on what you have going on in life an LLC might be overkill and why I think John gave a terrific answer

When you have STR like airBNB or VRBO DSCR does allow that income unless you can provide a previous 12 month rents received or a print out from VRBO.The alternative to that is if the lender or UW will allow the appraisal to use MTR/STR income/rent schedule if the rents and property is common to the area in terms of rent available for the apprasier to show proof.My advice to you is make sure you do your home work and deal with a seasoned Banker or Loan officer that funds multiple DSCR loans per month. 

I am working on finding Partnerships and networking out here in Nova Scotia. 

Will need more details to be sure, but we should be able to get around it.We can also work with the rural piece :-)Cheers!