You can open a business bank account, sign contracts, and handle expenses under the company’s name, keeping everything clean and organized.

In ID I dont believe there is any high balance FHA limits that I know of (Coeur D'Alene, ID).Then again I dont think you need high balance limits anyway as the regular limits of FHA 4 unit property are well in excess of 1.4M and Im pretty sure the fourplexes in CDA arent that high unless you've found a unique Specimen of a fourplex house hack strategy.

A good HI will go over your house with a fine-toothed comb.If you can find an Ex (or Retired) HI that is also Certified, that would be even better, since they will understand the structure/electrical/plumbing systems in more detail than a regular HI...

My AC unit has another 3-5 years before it’ll need to be replaced so I’m thinking this may be a clean exit before large big ticket items start needing attention in the next 5 years.

Hello Michelle, In order to qualify for a Heloc you will need to qualify just like you would when applying for a regular conventional loan.

I am asking because that is a science and often inhabited by regulars who know how to bid you up on the duds if you haven't done it.One tip I would give you before you go into Indiana would be to really take a hard look at your 7 units and 10 doors and see if there are any underperformers in the bunch.

There are DSCR products for those scenarios, but they generally price worse than regular DSCRs.

Regular check-ins with your GC will help keep everything on track.

You can also rent Yurts, treehouses, or your own RV on the platform for more than a bare campsite, but that gets into too much cleaning and upkeep for the spirit of it.

b) I was initially thinking short-term rental, which is where that surge of requests came from but it feels like a lot of work as I would be doing the turns/cleaning for most part so what are the pros-cons of mid-term?