All interest rates and payment plans are custom made to work for both parties therefor creating a win win scenario.As far as partnering with the banks goes.

This can create opportunities to find deals that were much harder to come by during the recent boom years.

I agree with Patricia, but there are always exceptions to every rule.

Any suggestions on what to update/populate in our "rules" section to help us make this clearer? 

With the limited access in Yardi, you won't be able to adjust account trees and create multiple customized financial statements. 

The basic premise is creating an LLC, opening a line of credit, even if small. 

However, unless you're doing this as part of a BRRRR strategy, you may end up paying closing costs twice and incurring unnecessary interest on the HELOC prior to refinancing.Additionally, conventional loans often have seasoning requirements of 6-12 months, while DSCR loans typically require only 3-6 months.This post does not create a CPA-Client relationship.

@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.

Do my 3 associates need to create a LLC to be able to do these renovations or can any individual do them, as long as proper permits are pulled? 

Hard and fast rule for me no pools at tenant properties.