Budget will be a big determining factor as well.

Their loan is through UWM and have confirmed that it may take closer to 45 days to close.Otherwise, the sale closes with the note as well as the deed in your company's name. 

Hey fellow real estate enthusiasts,I hope everyone is doing well and staying safe during these times.

Once you have that you can go to any bank and open a bank account in the name of ABC Management.Your plan is exactly what I did when starting as I too was looking to avoid an LLC right off the bat.

The prior owner, the husband, has told me the bank does not plan to pursue a deficiency against him when they do eventually foreclose.

Is there a time to "put lipstick on the pig" to separate your house from others to get better and more well off tenants or does it just not matter?

The plan is to cease the STR next year and switch to a MTR and thus, I would then report that property on Schedule E.My other property, which was also recently acquired, is already a MTR, and I would need to report it on Schedule E.So my question is: can I report one property on SCH E and the other on SCH C even though they are both owned by one LLC?

I have no doubt there are those that do very well with it..

my advice is to talk to @Nathan Gesner   as well.. 

This property is on about four wooded acres, and includes fishing pond.His target was traveling nurses, through local hospital contacts as well as furnished finder.