Clear communication and flexible scheduling also go a long way.

I’ve seen how having access to flexible lending can help investors manage rehab costs without overextending.

By thinking ahead, you can minimize your tax burden and maximize flexibility for future opportunities.Equally important is safeguarding what you’re working so hard to build.

And if they try to qualify by gifting or selling assets for less than fair market value within five years of applying for long-term care Medicaid, the state can impose a “Medicaid penalty period” during which they’re ineligible.So, the idea here isn’t that she wants to reduce her current income to qualify it’s that she wants the flexibility to transfer assets without triggering that penalty.

I know many buyers seek it for key advantages over traditional bank loans, including more flexible terms, a faster closing process, and more lenient qualification requirements.

For a HELOC, definitely shop around for rates and flexible draw terms.

Most of my focus is on commercial multifamily and select industrial/flex, but I stay open to other opportunities that check the boxes for my capital partners.I’m also big on creative structures when it makes sense…seller finance, assumable debt, JV flexibility.

A lot of listings you see on Airbnb within city limits are likely operating in a gray area or under creative setups (for example, co-hosting with owner-occupants, or focusing on areas just outside Detroit where the ordinances are more flexible).If you’re set on pursuing STRs, one strategy that’s been working for some investors is targeting nearby suburbs — places like Ferndale, Dearborn, or Hazel Park — which have much friendlier regulations but still get good booking demand from people visiting Detroit.Long-term, it’ll depend on how the city evolves its stance on STRs.

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.

Welcome to BiggerPockets @Isidro Rodriguez Jr — you’re in a great spot having equity available through a HELOC, that gives you flexibility a lot of new investors don’t have!