In NC LLCs, we use the term "Interest Owner" which can be represented by a membership interest or an "economic interest."

But there are too many stupid bidders, for a lack of a better term.

Current lease term (expiration date, month-to-month)7.

@Kristen L GarnerWould it be possible to get a personal loan to purchase a short term rental?

the short term debt is used differently from the long term debt . there are ways you're able to make annually or bi weekly etc to move you through the amortization schedule

A few I found some information about (mainly to stay away from them as they changed the rates/terms at the last minute), and one had a bunch of fake reviews on the BBB site, but the others I cannot find any information about as far as customer satisfaction.

My main question is…i know i pay a deposit and we have an agreed upon term.

His long term tenant recently moved out and is about to rent it to his adult son, who will be paying him enough to cover the monthly expenses.  

There are way better options in Florida where prices are dwindling and things are beginning to sit on the market, but the market still supports short-term or mid-term rentals.

I need to open two checking accounts for a couple of SDIRAs and discussing commercial RE loan terms.