I'd love for anyone to connect with me as I hope having people to talk to about all this will help make my first time jitters go away easier.

Banks only have 10% of the money they lend thus it makes sense for them - but for people who are not a bank why make 6% taxes as ordinary income and barely keeping up with inflationThat $1000/mo payment will be worthless in 20 years.

There are 2 types of people who dog on Detroit.. 1.

I'm trying to find people who are actually doing it to check that the theory works.

Now you did bring the title insurance tied to the old LLC.

It’s great to connect with knowledgeable people here and not be completely in the dark as I would be without this forum.  

@Tejani Jeet BhaveshThe debt does not go away it is just unsecuredIf you are a borrower and get foreclosed on if the debt is not paid off it does not go away - it is just unsecuredOnly way for it to go away would be pay it off or bankruptcyYou are seeing a lot of articles on zombie loans where people lost homes or kept homes but were underwater and old mortgage lenders are coming back after them as the debt is still valid and they thought it went away

What makes people prefer airbnb than hotel these days, especially the rate of hotels are relatively competitive (airbnb becomes more expensive than it used to be), i.e. is it still a viable business for the most part? 

I have a higher nightly rate because I can sleep more people, my taxes and insurance are higher.  

So you may go through more people before you find someone hot for the unit to vet.