But since this wasn’t the initial plan, I already placed the home in an LLC about a year ago, will that prevent this rule from being valid?

Built a great business flipping and selling houses. 

So how do we achieve this with our busy life styles???

Lucky enough to belong to an incredible network in Denver (CO) but as we add operations, properties and an arm of our design business down here I am itching to join something similar!

The short term rental is more aligned with my long term goals, but it is just skipping ahead by a few years and skipping over the 3 long term rentals I had Initially planned for my portfolio.Do I keep the property and maybe drop the rent under market value, while also coming about of pocket until we find new tenants, or sell and use the equity towards short term? 

As we are local we plan to do some of the work ourselves, but we will hire a contractor for the bigger issues. 

Obviously I don't have much to offer currently in terms of local knowledge but I love connecting and sharing info and plan to be a valuable and helpful part of the investor community there. 

One of my colleagues house hacks himself, and I plan on doing it as well once I can get the cash to put money down!

I am planning on putting down 30% and take loan on the rest.

private borrower reached out for business deal How did you finance this deal?