It did not make a loan, so that is false advertising, and the contract, which is the the mortgage, is based on fiction, otherwise known as fraud. 

Though, if your client base is nice retired people, it probably won't matter.  

Based on the quality of this particular home, my rent estimate may be low.Note: you have to consider other factors.

There is a "sponsor exemption" but that only allows an unlicensed person to raise money but it cannot be more than 50% of their duties and the pay they receive cannot be based on how much they raised.If you have never raised $, a family office will be off the table as they typically want the company to ahve atleast $50-$100M in assets. 

Absolutely, @Cynthia Lee happy to refer you to either of the Portland based attorneys I have experience working with.

I read some articles stating that it appraise 100times of rent sometimes appraiser appraised it based on income generated by that unit. is that true statement?

My name is Rebecca and my husband, Nick Knox III and I have run Captain Save a Home LLC, Brew City REI Club, Brew City REI Training Cafe and Wisconsin Contractor and Handyman Club based out of Milwaukee, WI for over a decade.

I have two real estate property as rental, 3rd one is my primary all based in San Diego.

Would that loan include the renovation costs based on the ARV?

Your job is to keep tightening it up (geographically and based on asset type) and meeting investors until you have a buy box that makes sense for you.There is also no point to running deals through a calculator if you are seeing them.