You then file the annual report each year and continue to fork over another $500 annually.Next "cheapest" will be legal zoom or a similar service, I believe they'll help roll the registration with the state into the start up package.I use "cheapest" in quotes - the primary purpose of an LLC is typically to provide some level of asset protection. 

A true DSCR product doesn’t care about your personal debt. 

There are a few basic questions to consider when considering a potential deal: * What is your purpose ("why") for purchasing this?

My personal opinion is owning your home outright is an amazing feeling and impressive feat.

If one person stops paying and it's tolerated, It's more likely to spread within the house.

@Joseph MuleroTo boost your rent plan and make more money in the medium-length rent market, think about these steps: slowly add furniture to the new place while you stay in your current home, pick cheap furniture, use a credit card with good terms, look into loan options like personal loans or home equity credit lines, try out the market by listing the place with few furniture pieces, aim for easy-to-change furniture for flexibility, and talk to pros like real estate agents or home decorators.

You can also run your STR in your personal name or elect to start a company that operates the STR i.e. branding.If you do not qualify or for some other reason do not want or cannot qualify for conventional financing, you will likely have to go to some sort of DSCR or other business purpose loan route, and they will actually require you to put it into an LLC.

I personally don’t want to use FHA. 

Q3: My personal rentals have not, but I bought in Lawton, OK because that was my duty station.

The person you mentioned has no formal credit background.