Be mentally and emotionally prepared for the attitude - well, if you can afford a second (or third or fourth home) then you can afford all of this.

Do I have to complete the separation of units by January 1st to write off half of my closing costs/other expenses?  

Thanks in advanceVery common strategy - I would say if the LLC is buying it then make sure it is buying it and its separate from you as a person -for example if you are getting a mortgage it must be in the LLC name not yours. 

You may have a more profitable exit if you can build them as 1-4 units versus larger and can subdivide the buildings into separate properties.

That said, it looks like if I rent out the bedrooms separately, I can earn more for the property overall (500-600 per bedroom vs 800-900 for the whole house.)

Again, this doesn’t make sense because my new manager has already said they want me to hold onto the deposits.On top of that, they’re now claiming that I legally need to open a separate account to hold the deposits.

DSCR loans and Ground Up construction loans are two completely separate loans.

Bring a thermometer and measure the temperature separately from the thermostat to see if they exaggerated the issue.

Remember that you would not be investing personally but rather your IRA, which is a separate legal entity.

Worried about keeping things separate now that I’m thinking along these lines a month after owning / after rehabbing the property but better late than never, I hope.