Hi everyone, We are looking into a deal to purchase a 5 unit apartment building that currently operates as a short term rental.

Are there any insurance companies that people would recommend for this investment strategy that do operate in the Austin, TX area?

Yes this is a Refi on a commercial property with additional large cash out included for sole purpose of reinvesting into another property, as well as a large operating line of credit in addition to the Refi is included.

So you still need to sign.Have you provided them a copy of the operating agreement of the LLC, certificate of good standing etc.

Non-profits and/or sober living operators may also be interested, depending on their needs.

Establish an operating agreement for each LLC.

We are going to be operating separately from the school.

Additionally, I’ve been wondering if it might be possible to create an LLC, rent my house to the LLC through a formal contract, and then have the LLC operate the Airbnb.

If it's a layered LLC, most lenders will need to trace a warm body on the operating agreement which will involve a bit more paperwork trail.

In the next 5 years, we can buy one property per year with 25% down (~100K), and perform the same operation of using cash-flow for paying off properties next 15 years and we will have $15K/month net-profit which hits our goal adjusted for inflation (assumed at 3%).