I can’t get my budget in order because this one builder won’t give me an estimate until I’m ready to apply for permits.

If you were to purchase a $400K property in either of these cities today, applying the 3.5% growth rate, that same property would be valued at around $566,000 by 2034.

And that rule doesn't apply to someone who is not a real estate licensee." 

I was aware of UBIT and it applying with the use of debt, but I wasn't thinking about it with regard to the depreciation question.

But, keep in mind, the PPP applies if you refinance as well.

_____________________________________________________________Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

The applicant applies and pays for the coverage, we're listed on the policy as the insured.

The arms-length rules apply to you as the account holder, but they don’t automatically extend to other cash investors.

--- The property is not in showable condition, so no one will want to apply.--- The tenants just won't cooperate:Yes, you can try to get in with a Legal Entry, but then they can easily sabotage the showing by:----- Being rude----- Keeping the house dirty (or worse)----- They can keep an aggressive dog in the house when they are not there----- They can deliberately leave an unattended minor alone in the houseYour current PMC should be taking the time to address and explain all this to you!

My mom has poor credit and about $30k in revolving debt, so it would be difficult for her to qualify alone.We would both prefer to hold the property, but the risk of tight cash reserves is concerning, especially if the rehab costs exceed our budget.Legal ConsiderationsIf we decide to proceed, we’re also weighing how to best structure this deal:LLC and DSCR: Would it be better to put both of us into an LLC and use it to apply for a DSCR loan?