I have been that 1) the payments should go to the "Name of entity" listed in Line 1, regardless of business/ LLC name you put in line 2 and that 2) since a single member LLC is a disregarded entity, use your personal name with your SSN.

And keep an eye on how your Airbnb is doing so you can keep improving the guest experience and making your business run smoothly.Good luck!

Look at your monthly payment (PITI = Principal,Interest, Taxes, Insurance) + HOA + (other maintenance fees if any) and if this amount is less than what you charge for rent (whether its Long, Mid, or Short Term rentals) and you are happy with the positive cash flow, then yes.Or maybe you're breaking even with the condo but you have  knowledge that the condo will explode in value due to some business/attraction/law/policy that will prop-up the sales price in the near future, then yes.Really, it boils down to what your goals are for this first investment.

This means you need to report your rental income on your tax return, which is usually taxable, but you might be able to take deductions for rental expenses like mortgage interest, property taxes, utilities, repairs, and upkeep.When you work from home, you can deduct expenses related to using your property for business purposes.

However, many businesses choose to report on-time payments, late payments, purchases, loan terms, credit limits, balances owed, and significant events such as account closures or charge-offs.

Hi , looking for a Subject To friendly Title Company to process deals for us in Toledo Ohio area

Example: never use S-corps for rentals.Short story: forget about business entities when you are just starting.

The mtg is terminated by “operation of law”….any title company searching the title finds this, it is not an issue at all.

What advice would you have for me to get started in real estate business?

I started listening to BP podcasts while working on the project, and have since devoured material in every form as I changed from fixing up a house - to building a real estate business.