You get the best of both worlds. 

Best of luck!

Items such as this that could be easily replaced by almost any LL at a very minimal cost, will turn into a $135 aggravation at best if you overlook it!

Is it worth a reduction of an already very small probability of an IRS audit?

if its a rebrand of do hard money look at old threads on BP.. these guys while not a scam many that posted on BP lost their 2300.00 because no deals were ever good enough and so they gave up and lost the deposit.. back a few years ago it was 3k.. great bizz model make 3k and and dont fund anything or very few according to others that posted.

You are still going to get the best rate possible with your significant down payment and with good credit I'm assuming.   

It could be a great option for your client's needs, or at the very least, a starting point for comparison with other lenders.

I would think this model works best if the property is close to you.

This is one of the best ways to scale a portfolio while keeping low out-of-pocket costs.Big Picture: The Best Move for You•If you need funds now, a HELOC in your name makes sense—but keep the rental in your personal name to avoid triggering the due-on-sale clause.

3)  Was Jan-25 your best STR January in the past 3 years?