Nothing ever goes smoothly, perfectly according to plan, without any problems.

Obviously the plan was to raise new money to pay old money...The line "The false statements allegedly included misrepresenting Kapoor’s compensation; his cash contribution to the capitalization of Location Ventures" is also scary.

Communicate well with the current tenant about your plan.

There’s a house that need some major renovations that interested me and I was hoping for some insight as to how I should go about financing (once I’ve finished the project that I plan on buying and rehabbing in cash).

If so, underwrite it that way and then after you buy it and have a contractor consider changing the plan to add a unit if that makes more sense.

If I already own an Airbnb property (my primary residence) and plan to purchase a new house for rental purposes, what would be the recommended approach for transitioning the existing property into an LLC?

Though in this situation I wasn't planning a renovation until April of 2024. 

As others have mentioned, consider borrowing from your 401k plan instead.For those comparing the returns from passive investing in stocks and bonds with active investing in real estate, that is comparing apples to oranges. 

And while this install seems pretty straightforward, if it doesn't go as planned, your guest will have to deal with the cable company for trouble shooting.

I plan to form a partnership with three other friends for this deal. 1.