Not to mention the emotional toll it takes on a property owner and the aftermath of finally getting your property back then perform expensive repairs.

@Pedro Adolfo Garcia you will not get any loan from banks and your LLC will not get any loans for first 2 years as well.

With the assistance of a real estate agent or lawyer, submit an offer, work out the conditions, arrange for inspections, and finish your due diligence before finalizing the purchase.Note that investing in real estate is a journey that requires perseverance, patience, and flexibility.

Even if you are actively operating as an STR the lender will look to tax returns for income, so if it has been less than a year they will still go on LTR income.You need to factor in that your lender is going to underwrite any loan based on LTR income only. 

To make money you have to get a good loan and leverage, appreciation hopefully, HOA can't control and keep it rented.   

Our tenant finally got his new puppy which he is claiming is a Boxer and it is written on the adoption form but with the pictures they sent in, it is clearly a Pit Bull and we don’t allow it.

You would buy with FHA loan -> refinance to conventional, purchase with FHA again, rinse and repeat...is this allow,if change to a conventional would my month cost increase?

Finally after several months of waiting, we received a court date of February 15, 2023.

I understand there are specific methods like cash out refinancing, HELOCS, and equity loans. 

For our previous investment properties we used a home equity loan and cash to buy and paid it off in a few years.