Increase in family size:A Borrower may be eligible for another house with an FHA-insured Mortgage if the Borrower provides satisfactory evidence that: • the Borrower has had an increase in legal dependents and the Property now fails to meet family needs; and • the Loan-to-Value (LTV) ratio on the current Principal Residence is equal to or less than 75% or is paid down to that amount, based on the outstanding Mortgage balance and a current residential appraisal.

Just make sure to properly allocate the purchase price between the rental and residential portions and keep clear records.

I already own an LLC (residential contractor) and understand the liability benefits of running this deal through the LLC.I'm only asking about the differences from a business perspective (taxes, showing the income as business income vs. individual income, etc.). 

Oftentimes there is a due on sale clause in residential mortgages that triggers if you transfer it to another entity.

My MLS system (FLEXMLS) allows us to set the criteria first by Residential, Commercial, Land, Residential Income. 

I've typically made contacts with brokers as the primary source, but also found some 5-15 unit deals on the MLS via my residential agent.

I have a 3 or 4 bedroom that I would like to rent/lease to an Adult Group Home or Residential Assisted Living .

She worked for a residential broker for a year but in transactions not as an agent.

So now, let's apply the same reasoning to any industry of your liking within the residential home maintenance world...where IS the line?

Have your borrower sign this document upon application and then again at the closing table.Never use a 1003 Uniform Residential Loan Application.