Keep in mind that your mortgage terms and insurance premiums will probably be less favorable in an LLC.

The economics simply do not favor the investor.  

The tenant pays a monthly premium and keeps an active bank account and credit card on file.

We were discussing options for payment as we don’t have a lot of capital at the moment, however they have a property that has a bit of equity we could tap into, but they already have a favorable interest rate.

Take a look at the overall picture, i.e. credit score, debts etc.. to make a decision.

I would not credit for laundry, I would price in line with not having a laundry if other units do.

For instance, cities like Chicago are known for landlord-tenant laws that skew heavily in favor of tenants, and that risk should be baked into your underwriting.What’s your take on balancing short-term cash flow with long-term equity growth?

So well within the 30 day trial period.However, they continue to bill my credit card for the service in spite of the confirmed cancellation.Has anyone else had any issues like this with them?

Some lenders do have minimum credit scores to access these loan types, but it is the exact same qualifications for income and assets as non renovation loans. 

With good credit and a relatively low LTV, they may price comparably.