Worse case you can furnish it and put the property on Airbnb or peer space as a venue space or STR in between long term tenants.Using an agent or property management company to at least get it rented could really set you up properly.

Know all the new condo laws regarding HOA dues. 

Therefore, it's imperative to conduct thorough due diligence when selecting a company to facilitate your financing.

We have been starting to get up to speed on the tax laws pertaining to commercial real estate and don't want to rush into any investment, but at the same time we know that bonus depreciation is only at 60% this year and is being phased out.

I owned a hard money lending company for 10 years that we built from the ground up.

Without that you can be sued personally for any issue within it on your str.Its much harder for people to pierce the corporate vail and sue you personally if your property is owned and managed in a LLC .Financing is one of the only drawbacks as it is a commercial process and banks usually like to see 3 years of a decent tax return.We have 19 properties and all are in an LLC and in fact we only hold 2-4 properties in each LLC (all are owned by one parent company and done in one flow through parent company)to even further shield the liability that may/can occur on a property.There is no doubt you are exposed to higher risk on many fronts if an investment property is held personally.

"While we are in town do you mind if we go to Meijer, walmart, aldi's tractor supply company, the grain elevator..."

I worked for a nearly century-old trucking company, YELLOW FREIGHT, which closed in August 2023.

The full guidelines on the Freddie site for LLC are:Permitted Transfers of Ownership subject to conditionsIn situations where all of the following conditions are met, Freddie Mac will permit a Transfer of Ownership of the Mortgaged Premises:-At least 12 months have passed since the Origination Date-The Servicer has complied with all mortgage insurance requirements applicable to the transfer-The transfer is to a limited liability company (LLC) or limited partnership (LP), provided that:The managing member/general partner of the LLC/LP is the original Borrower.

Were you already closed and this is something the title company missed?