We know that we are taking a smaller risk, which naturally means a higher cost.

If those are the nature of the interactions, I don't think you have an issue.

If not, we’ll need to have one ordered for you.Entity Documents (NEEDED FOR PREAPPROVAL):LLC/LLP i.Copy of Articles of Formation/Incorporation ii.Copy of fully executed Operating Agreement/Partnership Agreement (all pages & amendments) iii.Certificate of Foreign Qualification (if applicable) Corporation i.Copy of Articles of Formation/Incorporation ii.Copy of fully executed Corporate Resolution designating authorized signer(s) for the Corporation iii.Copy of fully executed Corporate Bylaws iv.Copy of stock certification v.Certificate of Foreign Qualification (if applicable)Identification (NEEDED FOR PREAPPROVAL): Copy Driver’s License or Passport for each Guarantor.Rent Roll (NEEDED FOR PREAPPROVAL): We’ll need to get an understanding of the current cash flow of the property.

Following here, @Chantel were you able to find an updated MN lease that incorporates the 2024 changes?

So I basically don't know how to swing a hammer, and I don't think I really have much talent (or natural interest) in learning construction?

If you’re going conventional on a second home, you might want to consider putting even more down and make sure that your debt to income ratio is <41%, and credit at or above 780, ideally, as the GSE’s just made changes to the Loan Level Pricing Adjustment (LLPA) just got even more expensive effective 05.01.2023 but most lenders will either incorporate this into their pricing or will then. 

They are a great place to store cash and make money long-term through forced appreciation (improvements), natural market appreciation (hedge against inflation), depreciation, loan paydown, and a little cash flow if you're lucky.

Make sure you use a state-specific lease so that you are incorporating any specific regulations and disclosures relevant to the state you're doing business in.

Nestled on 20 acres of breathtaking natural scenery, this property offers the perfect blend of relaxation and adventure.Wake up to the sound of crashing waves and step straight out onto your private balcony to soak in the panoramic ocean views.

Handyman Jr *just* because I felt sorry for him not getting any work with his dad these days cause his dad continues to masquerade as a (licensed) contractor and quoting 'contractor' prices as if he's insured and everything, when he's not.If I do not incorporate but just wait for my contractor license to go thru (the business name they require applicants to chose on the CSLB application is in my case, simply my first and last name, as that's how I did biz in NY as a GC) do I still have to pay FTB $800/yr, and even if I dont do business my first year?