Well future ref for those of us who have NEVER had to reside with pests before, prior to this messi wouldn't have known what to look for, and when the people who live around you, and have lived here prior to my moving ng in.

Hey,If "building class designation" is the same as zoning, then this seems like it can definitely be appraised as a two family, with both the legal and actual designation as a two family.Depending where in NYC, that may not help your valuation, as primary residences sometimes sell for more than investment properties, so check that out before challenging the appraisal and definitely before paying for another one.Double check all this with your lender/broker as well.Best of luck!

I'm a CA resident, so gains would be taxed as ordinary income.

If you are "doing business" in CA, the LLC should register in CA as either a resident LLC or a foreign LLC. 

AlabamaAlabama residents enjoy a low cost of living and a thriving economy.

That being said, if this is a Heloc for an investment property and not your primary residence, most banks and CU's treat these as commercial LoCs, so the rate is likely be 9-12%.

I have also purchased resid. and comm. properties where the landlording/property management was really poor. 

No one in my family really does real estate except for my mom which rents in PR and a couple houses in Dominican Republic but these were things that happened by chance (DR houses were inherited and PR was our primary residence when I was little) ...  

Investment Info:Single-family residence buy & hold investment.

Assumption by an EntityUnfortunately, assuming a VA loan directly through a legal entity (such as an LLC, corporation, or trust) is typically not allowed because:Primary Residence Requirement: VA loans are designed for owner-occupied properties, meaning the assuming borrower must intend to live in the property as their primary residence.Credit Review: The VA and lender require the assuming party to undergo a personal credit and income review to ensure repayment ability, which entities cannot satisfy.3.