Figure out how to qualify for a Solo 401k then you avoid altogether UDFI/UBIT on leveraged real estate.

Or should I stay away from this situation altogether seeing that the 17-year-old is a minor? 

Hey BP Community - My employer does not match 401k contributions so I'm considering abandoning the contributions altogether and instead investing in something like the SPY ETF on a regular basis. 

If accepted then you gotta hope your financing doesn't take too long or fall apart altogether, and then you have to pray your contractor does a swell job cause that is about as good as a coin flip, and then you need to make a wish that your exit is one timely and two at the price you suspected.Bottom line is, it is hard to set up a network built with pieces from 3 - 4 different verticals within the industry. 

Is this your first investment purchase altogether OR your first purchase using a HELOC?

But there are certain counties that have made getting a non-primary residence STR such a hassle (*cough* JeffCo *cough cough*), that hosts avoid going thru the process altogether.

Why not just write the initial $50k offer in the name of your company and avoid the wholesale aspect of it altogether?

The table stakes are way too high right now for properties that most new STR owners are either overspending to keep up or missing the mark altogether.

Also, they began to skip payments and eventually, they stopped paying altogether.

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.