Check with your CPA, the people setting up your LLC and/or your QI. 

They will end up being sold before they are built with the demand. 

Just keep in mind the MIP doesn't come off the loan like normal PMI at 25% equity.

You probably know the below info but you might not and it may give insight to others who come across this info in the future so ill post it.What are the lists you currently have?

The item that I hate shopping for the most is dressers, and nothing else comes remotely close. 

To keep this simple, we can just say that this is the equivalent of adding 0.5% or 0.55% to the note rate.

As soon as the year membership is up, I'm leaving.

Quote from @Nicole Heasley Beitenman: I'm coming up on my first year of operating an MTR.

I have a template that I provide and they can either complete the template or just give me their documents and I'll complete the template before prepping the taxes.Self Managed, High Volume, Very Organized - these folks keep up on their activity. 

If anything goes wrong, the entire deal comes crashing down.