The issue is if you do it on an owner-occupied home within a year of closing you have also committed loan fraud which is a federal crime and a felony.Most if not all portfolio lenders will allow you to close in the name of an LLC, and some require it because they classify the loan as a business loan and do not have to follow Dodd-Frank protocols. 

Generally commercial lenders do not lend to owner occupied property and because of that they don’t need to abide by federal lending laws for consumers.

I did some real-estate work in NY for banking clients and I was shocked by how different the law and customs were between the two states.CPAs have it a bit easier since they mainly focus on Federal Taxes (which is uniform).

This projection will allow you to make your quarterly tax payments for the Federal and State on time. 

While I believe the laws are federal, and therefore the same everywhere, a local professional with extensive experience in the area will be able to tell you based on the type, age and location of the property what your potential risk would be and the minimums required by law to have it taken care of, if necessary.

Definitely check into your local rebates offered, as well as any applicable federal tax incentives.

Local law overrides state and federal law in this case.

Without the improvements, my accountant estimated that my taxes after commissions will be $12,500- $9,500 Federal and $3000 state.

We are in the process of determining all the forms that need to be filed at the CA and Federal level in order to "hire" herself as the sole employee of the company. 

My main guy served 15 years in Federal prison for bank robbery.