Unless you revise your plan and ensure that your personal use is under 10% of the rental use.

With thoughtful planning, you’ll be well on your way to building wealth and achieving your goals.Good luck! 

The plan was to refinance when rates dropped to improve cashflow, we just had to get out of our hard money loans at the time.

We did have one, but took it down for iOS and have long-term plans to resurrect it.

No, he's not an architect, he drew all designs, floor plan, site plan, etc, and we had a structural engineer design his part, and paid an architect to sign off on them.  

@Kenneth Joseph Perfido If you’ve moved to a new state and plan to conduct business there, you generally have two options: register your existing LLC as a foreign LLC in the new state or form a new LLC in the new state.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

@Jay Hinrichs i'm not planning on scaling this model very big.

With comps ranging from $875K-$1M and your estimated build cost at $550K, the after-completion value gives you a significant equity cushion, making this project highly attractive to lenders.If you plan to hold and rent the property, you could refinance into a DSCR loan after construction, which bases lending on rental income rather than personal income.

I have 2 properties i'm planning to purchase and wonder how is the crime and rental market in there. your response is much appreciated