You must keep the tenants security deposit at a bank that physically operates a branch office in the State of NC.  

Discuss this with the lender before proceeding.Partnership or Joint Venture:Structure the purchase with a partner or entity while maintaining the assumption in your name.This allows you to benefit from the entity's structure while complying with VA loan rules.Entity-Owned Financing:If assuming the VA loan isn’t feasible, explore refinancing into a non-VA loan owned by your entity after the property is acquired.4.

LLCs can protect you from outside attacks that have nothing to do with your real estate operation.  

It’s entirely possible to operate with integrity, provide real value, and still earn a strong income.

Important ConsiderationsLoan Terms and FHA Rules: Ensure that any changes to ownership or contributions comply with FHA requirements.

For the experienced cohosts in the group, I’d love to get your thoughts on payment processing options for cohosting companies (LLCs) that position themselves as property management companies but operate without a broker’s license.As an investor and soon-to-be STR entrepreneur, my business will initially focus on managing a small portfolio of vacation rentals with plans to scale. 

Their pursuit of cash flow normally leads them to the worst of the worst neighborhoods where the spreadsheets never capture the accurate operating expenses and no consideration for neighborhood fundamentals is part of their analysis.

Some grow too fast and discover they've built a full-time job for themselves.Growth can also include improving cash flow, increasing property value, or optimizing operations.

My first thoughts are what kind of property do you have and what kind of rental are you operating?

Your LLC name can be meaningless, but then you can operate under a commercial name.