. **** In no way shape or form is this legal advice or agency, I am not an attorney just a guy saying what I would do and sharing experiences. 

Some are in excellent shape and will last much longer.We have all fabic, made in the USA couches and chairs in our lake house and they still look great after 7 years.

It is in good shape but probably needs 2-3k worth of cleanup to make rent ready.

This process will also shape your decisions, like, since you don't need cash flow now, you may want to invest in a growth market with very good appreciation potential in the future.

Not sure if/when we'd want to sell it thoughBut good things are:Low interest rate so relatively low mortgage paymentMortgage is paid off in 12 yearsArea is likely to appreciateThe house is old (1896 ha), but in solid shape with almost every major system being recently replaced/done over.

We set up a call for January (earliest possible) and in the meantime she created a “RoadMap” which was a power point side with shapes to represent entities I may want to set up.

You’ll meet many lenders, lawyers, and service providers in all shapes and sizes.

Thanks Chris for your comments.sorry i didn't explain well. let me try again  showing  some numbers like an example , and I hope that works better.I was trying to ask is what could be a good financial strategy if I find a good  property (location good shape etc..) and the homeowner for example want to sale for market price for example $400k but he still has a loan  $200k at 2%interest rate so he has nice equity  $200k but also he still having big debt another  $200k but with good interest rate these days. my question which strategy would be good one if I want that buy that property using creative financial trying to avoid ask a new loan at the bankThaks again 

In summary, if you are using a PM for your STR, it will depend on who the PM is and where the property is located assuming the property is in great shape.

It's not that they are terrible or anything.With AirBNB guests, you can sometimes expect the house to be in worse shape.