--A requirement to insure the STR through a limited set of STR-specific insurers... discussed ad nauseum elsewhere on BP.

Then the 3 of them were discussing pieces of garbage in the can, and which ones belong in which can, and to which tenant.

I am researching the MF market in Huntsville, AL and meeting with my broker to view some properties in both Huntsville and Decatur, but would love to meet up with any locals who care to discuss your awesome area. 

I plan on keeping the property.I plan on obtaining several units on a regular basis.

Furnace's and A/c units were old, had a discussion to lower offer due to this but eventual relented, only the future will tell if this will cost me a bunch.

Swati,You can get some general guidance on the forum, but you should contact some some of the self-directed professionals and discuss your particular situation with them one on one (you are more than welcome to contact my office and schedule complimentary 15-min. consultation with me).

When we came to City Hall to obtain two rental licenses we were only given one.Turned out the zoning was changed at some point to a single family.

My question is about the loan or mortgage - when people go into an agreement like this (assume they are splitting all costs equally), do both people obtain a mortgage for 50% of the property, or does one person get the loan in their name for the full amount and then just receives payment from the other party for all expenses, etc?

Hello everyone =)So I came across this line in another forum discussing if you need and LLC or not to start out.

I am licensed, you can check out my bio, if you want to call me I can discuss it with you.