There are many reasons that a bank would choose not to give you a loan, some personal, some related to the property.

If you  are seriously looking into buying this property and possibly using it as 2-unit now or in the future, I'd suggest spending $150-200 with a land development consultant who could explain to you the issues and challenges related to such rezoning process.All that said, City of Austin code enforcement is very complaint driven.

Give them a certain dollar amount that will cover the utilities most months and if they go over they pay the difference.

I enjoy answering questions about tenant relations, if you ever have any.

My thinking is that I need to create a set of business accounts using my name as the owner and flow my income/expenses on these first two properties though those accounts and then have a separate set of accounts for the LLC activities related to any new properties.

I am a real estate agent that covers the Boston and greater Boston neighborhoods.

I fixed it up and am now renting out two rooms in it, bringing in $1700/month which covers a lot of my mortgage.

I would think you would only do calculations based on what you plan to do to the house, but I am curious what others thinkI haven't had to worry about this yet, because my properties thus far are relatively low end homes.

It sounds like you have a great portfolio already started.I really enjoy answering tenant relation questions, if you ever have any.Have a super weekend

It's not Board of Health approved yet.