Second, I'm a rule follower when it comes to permits.

I then do following:5.

But there are things you need to consider, like: everyone has to follow house rules to avoid drama, excessive use of kitchen and bathrooms leading to plumbing issues, being on call 24/7 with any problems, etc.

An option for you could be to go with a DSCR loan with a reduced prepayment penalty period so that you can get funds soon and if you want to refinance next year or the following due to lower rates or wanting more LTV than you're able to do so.You should look at this one with the mindset of:1) What would my expenses be once I refi vs what they are now?

I had a conversation with a Probate/Estate lawyer and he suggested the following but what he said doesn't quite add up to what I have read so I want to see if I am just not understanding or if I am getting bad gouge.Advice was to create WY LLC that owns all properties, that is then "owned" by a land trust for additional anonymity, that the beneficiary is a regular Trust that owns everything else in my name.

Hi everyone,I follow Pace Morby and a couple of other creative finance masters on social media.

Your state probably already outlines the procedures to follow here.

With that said, we really know what works and what doesn’t, we have a strict process as it’s proven and are selective with who we take on as clients.  

There are rules to follow!

You have to make sure you follow the STR permits laws though.