When you start utilities on the properties just purchased for STR purpose under an individual name but will be transferred to an LLC soon, is that better to wait the LLC to be done first then start the services, or turn them on as soon as possible to reduce the downtime to get ready and change the ownership to an LLC for the utility companies?

It is usually cheaper to insure them individually as you can better match the risk to the best carrier.

It’s not that it can’t be done — it’s that most lenders want:One unified lease covering the whole property, not multiple individual ones.Market-rate long-term rent comps that match what they can verify (hard to do with individual rooms).Here’s what a lot of investors do to make it work:Have a single “master lease.”

Very few individuals keep their loan for the duration of a 30 year mortgage, much less a 50 year.

Additionally, offering alternative options, like accepting an Individual Taxpayer Identification Number (ITIN) where possible, may help accommodate a wider range of applicants while still adhering to your qualification standards.

A private lender is typically not a business, its typically an individual.

It’s been suggested to us to create a new LLC for each project and i am getting lost in the weeds with individual bank accounts and such.

Personally I love what you are capable of doing I am just not very good at it so I outsource to individuals likes yourself with right set of skills.What type of investing are you most interested in? 

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Looking forward to learning from this community, connecting with like-minded individuals, and contributing wherever I can.Warm regards,Justin