Hi Irie,I'll start off by saying I am not an attorney or CPA but here's what I do - if my property is in an LLC, I have a separate bank account setup with it's own EIN and pay everything, including housekeepers out of that account.

So far I like what I've heard on podcasts about these build-to-rent properties and would love to hear from anyone who has dealt with them and their FL properties. 

I have done thousands of rentals, nobody cares about AC, its only used on and off for two months a year, and they always put in a window unit.

Some students rave about their guru, some come and complain about how they got ripped off.There are a few patterns that raise yellow and/or red flags that we want to call out that are concerning, and we think community members should be skeptical about when deciding whether to spend thousands of dollars (sometimes tens of thousands of dollars) on guru training.6 Signs Your Real Estate ‘Guru’ Might Be a Rip-Off:1.

Pay it off in a year using cashflow and savings.Thanks

Thank you Hi Amha,Congrats on the success so far.

Option 1:Pros:Simplicity: You avoid the potential complications of alerting the lender.Maintains Low-Interest Rate: Since your loan is at 3%, you continue benefiting from this favorable rate.Avoids Immediate Full Payment: You won’t be forced to come up with $45k immediately.Cons:Risk of Detection: If the lender identifies the payments coming from an LLC, they might call the loan due.Potential Consequences: If the lender enforces the due on sale clause, you might be forced to pay the remaining loan balance quickly.Option 2:Pros:Transparency: Being upfront might build trust with the lender.Possible Flexibility: Given your solid payment history, the lender might agree to the arrangement.Legal Compliance: You avoid any potential issues with violating the terms of your mortgage agreement.Cons:Risk of Loan Acceleration: The lender could still decide to call the loan due, forcing you to pay the remaining balance.Potential for Higher Payments: If forced to refinance, you might end up with a higher interest rate.Given the pros and cons of each option, but a cautious approach might be best:Consult a Real Estate Attorney: This can give you a clear understanding of your legal standing and potential risks.Evaluate the Importance of the 3% Rate: Weigh the benefits of keeping your low-interest rate against the risks of potentially having to pay off the loan early.Consider a Gradual Transition: This method allows you to continue benefiting from the low-interest rate while reducing the risk of triggering the due on sale clause.

Wyoming is by far the best.

So to start off, let me explain why I'm focusing on short term rentals also known as vacation rentals and not long term investment properties.

Yeah, you should be running it for when you leave and hoping you get about 2 percent off your loan amount to refi in 1-2 years so it works as an inadvertent windfall.