Some carriers won't allow insured to be a trust, so in that case do it in your company name with trust as additional insured.

I know federally backed loans are required to give 30 days notice but I believe that because it is a triplex and the other two units aren't owner occupied it allows me to do a 3 day notice. 

I have talked to the park management, and they said current owners do allow renting out as a rental, but the tenants would need to be approved by them. 

It ends when they AND their stuff is removed to the level that allows you to begin the re-rental process. 

In Chicago you request a CHA Burden sheet and that gross number minus utility allowance will be what you get in addition to making sure bedroom size is adequate.  

The rent from the other units will allow your to purchase a more expensive property than you could on your own, which could help you build the value of your portfolio (and equity) faster. 

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

it was an interesting process but basically, the novation allowed us to get the deal done without having to involve the banks. this was a huge motivation. that way I save on having to close twice. 

Other banks allowed us to do our own in house valuations.

,Renting your primary home back to yourself isn’t typically allowed by the IRS for tax purposes, even if structured through an LLC.