We just got a HELOC on our primary residence to use to buy our first rental, and the math of how that gets paid back and how we get more money for the second deal, etc, is still a little cloudy for me (I thought that being an English major meant I would never have to do math in my life, oh well. ) What you said makes sense to me.

If you meant trying to take out a second loan on the same investment property, I agree that this wouldn't be a viable option.

I meant pre-approved

After clarification I found out that isn't what the zoning definition meant.

I meant I’m getting “no” from friendys and family about starting.

Greetings, I'm Sean Vitale and I found my way to BP through Mister Money Moustache on a search for financial freedom. 6 months ago I had no financial plans and I almost bought a single family home with no understanding of what that meant for my life or how it factored into the big picture. 

FED is meant to deliver you possession, don't bog down the mission with a few extra dollars of fees. 

Second, maybe he meant that the LLC is the name on title but each LLC has 2 owners so there really is only 1 name on title (LLC) and 1 name on mortgage (Partner)? 

This happened to me originally and really threw me off but it just meant I had to wait longer into the season before it eventually filled up. 

Like not being able to say the house is a split-level or a bungalow or craftsman.By not being able to say a neighborhood is quiet or rough, it leaves the consumers (that the 'law' is meant to protect) more in the dark.