Most people will not qualify for this, Fannie multifamily is simply not an option for someone new to this asset class.Bank - This is a Texas headquartered bank. 25 year amortization isn't the sexiest, but that's a human-attainable interest rate with very modest points/fees, with a short prepayment penalty.

So 30k in interest payments on a primary would only net most people an $800 tax deduction since they would have already got the standard deduction by default, where as 30k in rental interest would translate into 30k in deductions.This means that for an awful lot of people, they effectively don't get to deduct the interest on their primary.Keeping the loan on your rentals, while getting rid of the loan on your primary also helps from an asset protection side of things. 

I am trying to figure out if people generally run these are sole proprietorships or through an LLC.

There's a number of people that teach/coach how to start and run a STR company...Tony and Sara RobinsonMicheal Sjogren Rob AbasoloMicheal ElefanteAnd others depending on what fits your goals. 

Very knowledgeable in very forum and super friendly people.

I had already factored in self management...I’m just wondering how people do just continuing STR over the winter months.

@Rajin SainiReach out to private lenders here on BPHappy to take a look at some of your dealsWhat we find to work the best is honestly not sell anyone but just tell people what you doYou fix and flip a few homes per month using private and hard money

I am looking to connect with people who are doing out of state investing.

I aim to utilize other people's money to invest wisely in buy-and-hold multifamily properties.

Totally a viable option but keep in mind the documentation of the process and making sure that YOUR material participation does not exceed anyone else in the home - for example, your cleaners or maintenance people.