Therefore - if  you are  definitely planning to use a LLC - I would recommend  leveraging the purchase with the new loan versus  counting on being able to pull  equity out of the new  rental via a new loan to the LLC 

One thing you can count on is that there will be more 'disclosures' on top of the many disclosures we already have to fill out, this is certain.5.

Typically, this financing options available for properties with these unit-counts have looked more like the options for commercial real estate or large apartment building financing.

This encompasses eleven authorized activities within the real estate sector, including development, construction, leasing, and brokerage.750 Hours Test: In addition to meeting the 50% test, individuals seeking Real Estate Professional Status (REPS) must surpass 750 personal service hours materially engaged in one of the specified real property trades or businesses.Understanding Material Participation:Material Participation: Only hours deemed material to the operation of a real estate business are counted towards qualification.

With the rental being part of your primary residence, a majority of those activities such as lawncare and maintenance would just count as personal activities anyway.

A 1 week job may take 40 hours of work, but that doesn't mean you can count on it being complete in 1 calendar week.

Assume $5k per unit and count the exterior as a unit, so a 4 family would be 5 units and assume $25k expense after closing.If you have any questions, let me know, I'd be happy to answer them for you.Good Luck,Derreck

Buy a variety of asset class/ unit count properties.

From the travel nurse looking for a 1/1 to the high bed count pad split-type option where it's about maximizing beds for itinerant guests like airline crews.

PM is 10% of gross, but I suppose that also counts as "actual" to the extent HW was the PM.