This property is primed for short term rental (night to night) with conservative estimates of ($40,000-$50,000) per month.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

Hey guys,Wife and I are looking to get started in long term rentals to hold long term.

Considering the ever-evolving landscape of Short-Term Rental (STR) regulations, What are the best 5 states in your opinion to build a STR portfolio starting today? 

However, there are some restrictions that apply, you'll want to look for details on "bonus entitlement."

Of course the bank says "no problem", I start the process etc, then after credit pull and everything state "thing's have changed and you cannot own more than 3 investment properties" so now I'm at a standstill and they want to push me to commercial side, which in this case is requiring them to take my first and have to refi the balance and lose my rate and then tap a HELOC afterwards at commercial terms.

I am a Realtor in NC with one mid term rental. 

In this scenario, each member doesn’t actually own real estate, they own a business (that owns real estate).If that is the case you have two options: 1) The LLC performs the 1031 exchange and continues to achieve the goals of the managers through changes or details added to the operating agreement and subsequently consider dissolving the LLC. 2) You dissolve the LLC and reform as Tenants in Common *prior* to the sale of the property.

First, you should inform your lender, as converting the property into a short-term rental can affect the terms of your mortgage and may require a change to an investment property loan.

Sometimes, they include extra unnecessary details just to throw you off.