By that I mean issues arise that may not necessarily be your fault and when they do and a claim arises, the LLC not you personally will be listed as the defendant (unless you are dealing with a scummy attorney which is extremely rare regardless of what those using scare tactics to sell expensive asset protection systems may tell you).

Their rates are extremely high for new investors compared to other hard money lenders, and they include a lot of junk fees. 

and if you can't get approved for a conventional loan, you may be eligible for a DSCR loan.with that said... i am extremely skeptical that you can cash flow $500 a month including the debt service on the mortgage AND the HELOC plus all the expenses. 

But, due to being self-employed, it is extremely difficult to get accepted for any kind of FHA loan.

A serious, no-nonsense buyer should totally consider this.Interestingly, most of the people who pursue this route with us are extremely analytical types: quants at hedge funds, engineers, accountants, lawyers, etc...

Just because you add an ADU doesn’t mean it’s going to add enough value to recapture that $300K.If it sounds slightly out of your comfort zone a simple conversation can be extremely impactful Thats where breaking down the payment management tools, local experts on small repairs, credit and background checks for renters, all comes into play.

I like to think of myself as more of an investor than an agent and I like to treat my clients the same way I run my own numbers (which is extremely conservative, I like to sleep at night).

Most lawyers are extremely risk averse. 

We use Appfolio in our office and love it, and I know there are people out there who use Turbo Tenant as well, I actually met their CEO at a conference and he was extremely knowledgeable of the struggle in keeping track of it all.  

I would be extremely cautious about buying a property that has prior flood damage - you'll want to dig into the repairs and how they were completed.