I’d be happy moving forward if they are willing to take that $10K off, and be back at my original offer price.

If you are a veteran and you can qualify, you can take over another veterans loan as an assumable mortgage.

If you are doing the loan with Chase and they're telling you they don't focus heavily on DTI, I would take their word for it.

If so, they can sell within 2 years and not pay capital gains taxes on the sell of the home.They could take that money and buy multiple rental homes in other areas if they wanted, or use the money to downsize in to a different home while still having money left over.

At that point I realized since I have the money and I really take all the risk compared to ANY GC I am just going to control the process all the way through..

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.

.✅ Understand How Rental Income is Calculated–When underwriting a full doc loan, lenders analyze rental income differently depending on whether it appears on Schedule E of a personal tax returnor Form 8825 on a business tax return: Schedule E (Personal Tax Return): Underwriters will calculate net rental income by using Fannie Mae Form 1038, which can be found here: https://www.dochub.com/fillable-form/14282-fannie-mae-rental-income-worksheet, by taking the total rental income reported, subtracting the total expenses, adding back allowable deductions (such as depreciation & mortgage interest).

I am going to keep the LLC regardless because it helps me to stay more organized in terms of bookkeeping, having separate accounts for business expenses etcI am sorry if my explanation is confusing, its all clear as mudThank you to all who take time to respond

It's a very competitive market there.I think your 203k approach will likely be a leg up in deal hunting as you'll be able to take on an investment that needs a bigger scope of work while others might be looking for a more standard value add situation.let's connect. i'd love to help however i can

It's very expensive to move a home out, in most cases you'll be paying for it and then it will take several months to replace the home.My favorite model is the RV LOT Model, instead of replacing the lot with a mobile home set up a RV lot.