but in general using a disregarded entity to purchase your replacement property is fine.

I have wanted for years to buy another home for us to live in, using a VA mortgage and sell the home we have now. 

This can involve public hearings and meeting specific requirements.Surveyor: Hire a surveyor to map the property and define the boundaries of each condo unit.Legal Counsel: Work with a real estate attorney to ensure all legal requirements are met and the condo conversion is properly documented.Financial and Operational Considerations:Condo Fees: Determine the monthly condo fees for maintenance, repairs, and other communal expenses.Insurance: Ensure proper insurance coverage for the condo association and individual units.Reserve Fund: Establish a reserve fund for future repairs and maintenance.Tax Considerations:Initial Purchase with 1031 Exchange: 1031 Exchange Basics: By using a 1031 exchange, you defer capital gains taxes on the sale of your previous property by reinvesting the proceeds into a new like-kind property.Down Payment and Financing: You're putting down $220,000 and financing the remainder at 8% over 20 years, resulting in a monthly payment of $2,593.Converting to Condos and Selling Units:Capital Gains Deferral: The 1031 exchange allows you to defer capital gains on the initial exchange.

Hi Gabriel..I've been in and around loans since 2003..we work closely with our lending partner that actually can provide HELOC or fixed second loan using a variety of income including bank statements..I think you can go up to 80%-85% on a primary using bank statement on a second lien position.

Self managing or using a property manager?

I am using a Heloc to fund my real-estate purchases and also to cover the rehab cost. 1.

Lenders typically originate the loans to investor specs using a warehouse line/line of credit (meaning borrowed money the lender is responsible for), then immediately (within 30 days) sell that loan to an investor.

Lets get back to the basicsBRRRR is a method whereby you combine flipping a home with long term holding (usually as a rental) and using a cash out refi to get equity back for the next project.

Using a foreign entity in another state results in foreign entity filing if operating business in my current State.

We would like to start building our portfolio with a long term rental, preferably a duplex, using a property manager.