I’m an investors agent and STRs were about half of my business last year.

I am looking to scale my business and am leveraging an investor (my parents) to fund my down payment for 5 % interest on a 10 year loan.

Hey Hakim, Sure thing, one of the main things to understand is that you have to know how ready are you to purchase the business/property, and you do that by providing all your financials to see if you have enough capital and reserves.

I am trying to get started as I have been told about getting an LLC, Business license and so on.

@Andy Oshodi the REI business is hard but house hacking is one of the easiest most powerful strategies out there.

Selling the property isn't part of my plan, as I intend to perform a 1031 exchange for a mountain home in the West closer to my retirement, which is still 8 years away.I would greatly appreciate your insights and advice on how to navigate this situation.

I have extensive experience in online marketing for small businesses / startups that span across legal services, beauty, tech and more.

I suppose I'm not busy enough!

The issue is that fix and flip and DSCR loans are business purpose loans where you are required to sign an affidavit of business purpose / non-owner occupancy saying neither you nor your relatives will live at the property.

I am debating my next move with my rental business.