., it’s much more complicated.I have been involved in many transactions in which lawyers differed as to what was needed to obtain clear title.

Real estate investing involves significant financial risk and complex legal considerations.

I am still involved in the program and still speak regularly to Blair.

It is highly recommended to consult with a legal and tax professional before proceeding.Pros of deeding your STR to an LLC     - Liability protection     - Asset Protection     - Separation of Finances     - Tax Flexibility     - Enhanced Credibility     - Privacy and anonymity     - Easier ownership transfer     - Simplified estate planningCons of deeding your STR to an LLC     - "Due-on-sale" clause     - Increased costs and administration     - Potential tax consequences     - Need for separate finances     - Loss of homestead exemptionGiven the complexities involved, especially with potential lender issues ("Due-on-sale" clause), tax consequences, and the necessity of maintaining corporate formalities, it's highly advisable to consult with an attorney and a tax professional before making the transfer.

Most of my day-to-day involves helping investors identify distressed single-family homes that work well as flips or buy-and-hold rehabs.I primarily work with cash and hard money buyers, so I spend a lot of time analyzing deals through the investor's lens, considering ARV, rehab costs, and what actually makes sense in today’s market.I joined BiggerPockets to connect with other local investors, share what I’m seeing in the Tampa/St.

There were some logistics involved but it all worked out.

Living in a nicer home is a big perk as well as the fact the home is minutes from a train to downtown Chicago or 80 and 355 highways.The only limiting factor for me is that I cannot afford to pay the full mortgage, taxes, and insurance for more than 2 months without renters so I don't want to price myself out of the market if $1500 for a room that shares a bath is just too much to ask no matter how many perks are involved. 

STRs and flips take more active involvement, while buy-and-hold rentals with a solid PM are much more passive.

I ask because you said the previous owner is involved but the previous owner shouldn't be involved at all if its a subject to.If you hold the deed then it's just a normal refinance.

Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?