But we do want the option to use it as a short term rental in the future.Do I need to go the ADU route - separate address, utilities, etc?

How did you finance this deal?

Then I will refinance the mortgage that LLC 2 has andpay LLC1I hope this provides a better option as I have beencalling around and the banks are telling me that if I use my own money I willhave a 6month to one-year seasoning period.

Up here in Beaufort, SC and it seems as if the closest options we have are Charleston and Savannah, very disappointing.

An Attorney will help with creating an LLC.LLC is not required, may make getting financing more difficult.It may provide some asset protection.Most of the asset protection that you need will come from the insurance policy.Discuss with the insurance agent on situations that you are not protected.Have a discussion with an attorney if your extra concerns can be protected through an LLC.

WholesalerHow did you finance this deal?

Fulls are not a good option for a STR, either do kings or queens.

Probably the safest option and limit the risk involved.

There are also some good options just outside the Lake Tahoe basin that can offer year round recreation and 20 minutes to ski areas.

I want to buy the property on terms and demo, build a new house.I want to structure an owner finance deal with him where I either pay him interest only on the lot or no payments for 18 months (or until the new house completes and sells whichever is earlier).