Presently, I reside in one (built in 2003) and rent out the other three (two built in 2006 and one in 2003).

Use two "disregarded" single member LLCs (one for you and one for your wife) to own the property.2.

I started investing once I turned 18(I lost most of it (whoops)), but I started focusing on safer investments and learning about real estate over the last two years.

If you have a pure private lender that is local or one that operates as a real PML or private money lender you will and can avoid these pesky credit min scores, credit history, or other requirements that the institionalized HML/PML sources require you to have.The rate/points may be higher but such is life.

Not sure how they got to the min bid.

Do you think dropping the 7 night min would help us? 

If you want to maximize your max rents then if might be a good idea to condomise it so that you can get rents as two separate units.

I buy a house maybe once every two years so I posted to see what other people have been paying.

We do have a million a month in rent collection with our banks (we use two).

From my experience, due diligence is part of the difference between the two and the interest structure (Dutch Loans vs.