Once you find the right tenant, it is a pretty hands off investment. 

There are still a few good resources for Log Cabins or Off-Grid style properties in remote areas as well.  

Im looking at 7% however I think a better safe guard for me to have enough skin in the game is to move the sales price higher just in case he decides to pay off the loan earlier.

It's 20% down but it doesn't go off DTI but income of the property (yes, even SFH for STR).

Good evening,So I have an off market property I may be able to purchase. 

I Know it will complicate taxes  because we have to file as an individual and then for the LLC  but there is a fair amount of depreciation and carry forward losses for us to consider, not sure when those will be completely written off. 

You must reinvest the $520k in “cash” you have left after paying off mortgage and $80k in closing costs or you will owe taxes on cash retained even if you buy more than $920k in property  You can invest in any number of properties but it’s much easier if you list 3 or less replacement properties.

Help me evaluate this off market deal that's non-traditional.

You’d think of all the bought off suits they would propose a bill for Airbnbs liability as an “umbrella” STR license and hosts would have an apportioned amount withheld through individual earnings to operate under that license. 

You are probably better off getting a new loan, unless the assumable loan is at a really good interest rate.