She's been renting it for $2,800/month and the condo has a $600 monthly HOA.I want to offer her $350,000 for the condo (its a fair price for it), 5% down payment ($17,500) and pay her monthly $2,000 for 3 years, after which I would refinance and pay her out.

I currently have a tenant in place who just renewed a 12 month lease.

The second tenant stopped paying and it took me 4 months to get them evicted and more turnaround cost. 

I would prefer to manage everything through the LLC's account for bookkeeping and tax purposes.Proposed Solution:Open a new joint personal account specifically for making mortgage payments.Transfer the monthly mortgage payment amount from the LLC's business checking account to the joint personal account.Document these transfers as "Owner's Draw" or "Owner's Distribution" in our accounting records.Use the joint personal account to make the mortgage payments.Questions:For the CPAs and accountants out there:What are the tax implications of this approach?

Thank you everyone for this helpful information, has anyone pulled off a successful BRRRR, in the past six months, or have you assisted someone with a BRRRR, in the Central Florida area?

Now my prop manager is saying he can only pay me monthly and not give me the full years rent as it is not legal.

I don't feel as if $500 a month in interest is worth my time on one of these notes.

Recent winter months was the first time we have experienced typical seasonal slowdown since Covid. 

I'm hoping to install a doorbell video camera as well as maybe 1 or 2 exterior cameras.

I've been renting out my 3/3 end unit townhouse for the past three months through Furnished Finder, to a great tenant on a four month lease.