I was never audited by the IRS and filed the LLC returns with such expenses itemized.

I'm a more experienced churner then investor ( here learning)Using the method your mentioning has the potential to raise flags with the CC companies for misuse of the programChase has been known to shut down accounts and Amex calls you for a "audit"The method is valid but carries some risk if abused

I would suspect it has more to do with getting it off before they get an audit.

An IRS type can make a call based on self admissions claimed to have a review audit.

And when audit time rolls around and you get a notification on LinkedIn that a Regulator has looked at your profile you know your being checked out ( LOL) etc etc...

Usually you'll have an initial origination audit and then internal loan review audits annually.

I am definitely not doing much of the work myself, I am GC'ing everything out.Right now I work for a small, local CPA firm here in Raleigh doing financial statement audits.

IRS audits can open the box too.

Loan fraud in HUD transactions will generally land you in jail, they really, really don't like that.Loans are audited after closing, usually after 90 days and before a year, there are plenty of indicators that can show up that can flag a file for a compliance review.

This is Rey Grabato Managing Member of National Realty Investment Advisors, LLC.We have over 600 auditable, accurate, registered HUDs independent bank mortgages, independent refinanced bank appraisals and title policies available for your audit here at our national headquarters at 1325 Paterson Plank Rd. 2nd Floor, Secaucus, NJ.