Today’s economic news…heck…economic news for the last several months seem to continually be “worse than expected”.

When you transfer the properties to LLCs, speak to your insurance company/agent to have them make sure that the LLC's name is on the policy.

@Johnny Wolff how does your company confirm that local zoning ordinances allow boarding houses?

Although I will continue to research on it and follow the accounts provided in this thread.

I don't recommend going to a 3rd party company for private money until you have some experience3.

Despite the headwinds, sellers continue to see home prices grow, buyers’ appetite for housing remains high and bidding wars are still occurring.

If I understand this correctly, I don't have to accept any form of late payment and can continue with the eviction process?

This allowed us to not only tap into the tourism market but also gave us access to traveling medical professionals and students as well that would provide long term tenants if we were prevented from continuing with the STR model.Although we still have a long ways to go to meet our goals, we are excited for the foundations we had setup for this property to this point.

Tim is a great resource and may be able to do some consulting to bring you up to speed, but you are still going to need a small army of vendors to get the task done.If you are set on self managing our company offers lease only services, at least that way you can get a fully screened tenant, with a lease template written by licensed attorney's and be in full compliance with renting. 

Skidmore, GlobalFoundries and of course the track will continue to bring renters to the area.All the best,Steve